Nvidia: Does The Whole Self-Driving Timeline Convey To Endure Reassessed? (Nvda)

The headline is a flake over-dramatic only the issues are real.
Additionally at that topographic point are a half-dozen pup chip companies that are looking to direct maintain on the large domestic dog inward AI. More on that after this week.
The stock closed downward $18.96 (7.76%) at $225.52.

From Barron's:

Nvidia shares dropped past times equally much equally 10% Tuesday after it said it would suspend self-driving motorcar testing on the route inward the wake of concluding week's facility incurred past times a self-driving Uber car. Analysts ponder how seriously the deed volition behave on Nvidia's self-driving motorcar tech ambitions.

Shares of Nvidia (NVDA) ended the twenty-four hours downward $18.96, or almost 8%, at $2,225.52, [sic] in addition to at ane betoken vicious equally depression equally $219.85, a 10% drop, after the society said it would suspend its exam of self-driving motorcar technology, casting a mantle over what was supposed to last the focus of the day, the company’s "GTC 2018” conference inward California, in addition to the accompanying analyst twenty-four hours meeting.

The interrogation is whether the whole timeline for how fast autonomous vehicles volition last entering the mainstream, something Nvidia has talked well-nigh extensively, volition direct maintain to last re-assessed equally a upshot of the suspension.

Among today’s announcements were a novel chip for workstations, the “GV100,” which Nvidia boasts volition select “real-time ray tracing” to “millions of artists in addition to designers.” It besides unveiled enhancements to its “Tesla V100” chips for things such equally "deepmachine learning."

But the company’s tidings of simulation by reckoner of autonomous driving—testing within a reckoner rather than on the road—seemed to position a fine betoken on the suddenly glum mental attitude unopen to self-driving cars.

Among responses this afternoon, Mitch Steves of RBC Capital, who has an Outperform rating on the stock, writes that he liked the GV100 announcement, only "the keynote is beingness overshadowed past times automotive concerns at this time."

He wonders if the "timeline volition last pushed out” for what Nvidia had said would last a 2020 fourth dimension frame for a lot of self-driving products on the market.

“The respite volition probable crusade a reassessment of timelines,” writes Steves.

SunTrust Robinson Humphrey’s William Stein reiterates a Buy on the stock, urging investors to “buy the weakness."

He sees no hitting to Nvidia’s auto concern correct now, because self-driving chips aren’t withal a large utilisation of auto revenue for the company:...MORE