1 Internet of Things Stock You’re Overlooking

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1 Internet of Things Stock You’re Overlooking NVIDIA’s Tegra processors are powering the future of connected cars.

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NVIDIA has a massive opportunity.

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It’s called the Internet of Things.

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And it will connect your car, home, utilities, cities, and billions of formerly unconnected things to the Internet.

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For cars, this means they’ll not only connect to the Internet, but also drive themselves.

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And this is where NVIDIA comes in.

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The company’s high-powered Tegra chips are already used in autonomous car testing.

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Like in this 560-horsepower Audi RS7.

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And this A7 concept, that recently drove from San Francisco to Las Vegas almost entirely by itself.

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The company just released its new autonomous driving platform, Drive PX, which can decipher between a delivery truck and an ambulance.

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The system uses two Tegra X1 chips to power deep learning and situational awareness in autonomous vehicles.

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The company is betting big that future vehicles will need more and more processing power.

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And it’s right.

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More than 6 million cars on the road already use NVIDIA’s processors for their infotainment systems.

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But that’s not all.

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“We see a future of autonomous cars, robots and drones that see and learn, with seeming intelligence that is hard to imagine.” Jen-Hsun Huang, CEO of Nvidia

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To help reach that goal, NVIDIA has an Internet of Things development kit called Jetson TK1.

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NVIDIA hopes developers will use the board to power small, embedded devices.

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The company envisions Jetson TK1 being used for “compute-intensive systems for computer vision, robotics, medicine, and more.”

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But for right now, it appears NVIDIA’s biggest Internet of Things opportunity is providing the brains for autonomous cars.

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By 2025, 18 million vehicles on the road will be partially autonomous and 12 million will be fully autonomous, according to Boston Consulting Group.

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And that’s helping to make the automotive segment the fastest-growing part of NVIDIA’s Tegra chip sales.

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So while other tech companies are building new sensors and wireless connections for the Internet of Things, don’t forget who may be building the brains behind those devices.

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If you’re interested in more information about NVIDIA’s autonomous vehicle play, you might also like …

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