News Formal

Nvidia, Volvo stocks rise for third-straight day following deal on self-driving commercial trucks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

U.S traded shares of Volvo and Nvidia's stock have both jumped by around 7% since the companies announced plans early Tuesday to use Nvidia's artificial intelligence for commercial vehicles, specifically public transportation, freight transport, refuse and recycling, construction, mining and forestry.

rose for their third-straight day Thursday after announcing a deal that will use the tech company's autonomous driving platform to build self-driving vehicles.

Nvidia has been expanding aggressively into autonomous driving with new partnerships over the last two years with major automakers, including, Audi and Daimler. The deal with Volvo, the world's second-largest truck maker, helps Nvidia close ranks with Intel's Mobileye. The Israeli tech company, Mobileye, has partnered with more than 25 automakers across the world on its advanced driver assist systems technology, which is used in semi-autonomous cars.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

the NVIDIA ship probably is going to have some crazy visual formy stuff.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Micron, Nvidia, Boeing & moreThese are the stocks posting the largest moves midday.
Source: CNBC - 🏆 12. / 72 Read more »