Nvidia Aims for Level 4 Robotaxis by 2027 to Compete with Tesla
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Benzinga
- Robotaxi Strategy: Nvidia plans to launch Level 4 robotaxis by 2027, aiming to support fleets with its AI chips and Drive AV software, thereby directly competing with Tesla in the autonomous driving market.
- Hardware Innovation: The newly introduced Drive AGX Thor automotive computer, priced at approximately $3,500 per chip, is designed to reduce R&D costs for automakers and shorten development timelines, accelerating the adoption of autonomous driving technology.
- Open Platform Launch: Nvidia unveiled the Alpamayo open-source model, integrating perception, reasoning, and action, which has attracted interest from industry leaders like Lucid and Uber to develop reasoning-based AV systems, facilitating the realization of Level 4 autonomy.
- Market Competitive Pressure: Nvidia's strategy targets not only Tesla but also Alphabet's Waymo, and as demand for autonomous driving technology increases, Nvidia's innovations could reshape the market landscape and enhance its competitiveness in the autonomous driving sector.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 312.00 USD with a low forecast of 236.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
31 Buy
7 Hold
0 Sell
Strong Buy
Current: 325.440
Low
236.00
Averages
312.00
High
350.00
Current: 325.440
Low
236.00
Averages
312.00
High
350.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
