Tesla (TSLA) Autonomous Update Positive for NVIDIA (NVDA) Ecosystem - Mizuho

October 20, 2016 7:45 AM EDT
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Price: $102.95 +1.82%

Rating Summary:
    24 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and $66 price target on NVIDIA (NASDAQ: NVDA) after Tesla (NASDAQ: TSLA) announced a move to L4/L5 using NVIDIA over Mobileye (NASDAQ: MBLY).

Rakesh commented, "Tesla's Elon Musk announcing a future roadmap, noting Tesla car's going forward will use NVDA's Titan GPU away from the MBLY . Assuming all the ~90K cars/year that Tesla builds, it is ~$25M revenue incrementally for NVDA if Tesla outfits all cars. This underlines positive trend for NVDA's GPU implementation. As we have noted the need for fusion solutions drives competition to camera systems with NXPI's Bluebox, Intel's Xeon, XLNX Renesas R-Car among others, but also now raises the bar for other Auto OEMs to accelerate a roadmap to Level 4/5."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $66.47 yesterday.

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