Jensen Huang, CEO of $NVIDIA Corp(NVDA)$
Huang claims $Tesla Motors(TSLA)$
Of course, Huang has a vested interest in Tesla's success. A thriving Tesla with a highly regarded self-driving system translates to a continued demand for Nvidia's chips. It's no surprise he's singing their praises. This gets even more interesting considering Tesla's, shall we say, prickly relationship with criticism. Hyping them up publicly seems like a safe bet for Huang.
Elon Musk acknowledged Jensen's remark
I, for one, am long TSLA myself. However, Huang's comments strike me as more self-serving for Nvidia than a true indicator of Tesla's autonomous driving dominance. It seems more focused on promoting Nvidia's role in the self-driving car space. However, this doesn't necessarily diminish Tesla's achievements in autonomous driving technology.
TSLA Daily Chart
I did a swing trade recently on TSLA. This idea was mentioned in my previous post Why I am Looking To Be Bullish on Tesla.
Anyways, this situation is fascinating. We have Nvidia, currently a market darling, bullish on a once-hyped stock like Tesla. It will be interesting to see how both these companies, leaders in their respective spaces, navigate the fast changing world of autonomous vehicles and chip technology in the years to come. One thing's for sure: I'll be watching closely, with a healthy dose of skepticism when it comes to these "mutual admiration society" pronouncements. [Grin]
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Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
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