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Technology Stocks : NVIDIA Corporation (NVDA)

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From: Frank Sully	1/9/2021 6:19:40 PM
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Nio partners with Nvidia on next-gen electric vehicle tech Jan. 09, 2021 9:49 AM ET NVIDIA Corporation (NVDA) By: Clark Schultz, SA News Editor 143 Comments NIO (NYSE: NIO) says it will use Nvidia's (NASDAQ: NVDA) DRIVE Orin system-on-a-chip for its new generation of electric and autonomous vehicles At the company's NIO Day event, the company revealed its ET7 sedan and the NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the vehicle that will ship in China starting in 2022.NVIDIA Orin is called the world's highest-performance AV and robotics processor. The scalable supercomputer-on-a-chip family delivers an unprecedented 254 trillions of operations per second while also being able to scale down to entry-level ADAS/Level 2 use cases (10 TOPS/5 watts).“Autonomy and electrification are the key forces transforming the automotive industry," says Nvidia CEO Jensen Huang.NIO and NVIDIA aim to accelerate the development of autonomous driving on smart vehicles."As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range."Despite delivering only 43,728 vehicles last year, Nio has a market cap over $92B vs. the $61B market cap for General Motors. Nvidia's cap is a cool $329B.Apple and Hyundai rocked the EV-tech world a few days ago with partnership talk of their own. seekingalpha.com

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