Nvidia (NASDAQ: NVDA) is emerging as a leader in the driverless vehicle market, leveraging its AI technology to provide comprehensive solutions for companies developing autonomous vehicles. By 2034, the global autonomous vehicle market is projected to reach $4.45 trillion, with a compound annual growth rate (CAGR) of 36%, according to Precedence Research. Nvidia’s AI supercomputing capabilities are widely utilized, with all major automakers in the sector integrating its technology for AI training and inferencing.
Nvidia’s technology includes a data center AI supercomputer for training self-driving models, a simulation platform known as Omniverse, and in-vehicle AI supercomputers like DRIVE AGX. Notably, Waymo reported over 250,000 paid rides weekly as of April, reflecting a fivefold growth from the previous year, although it faced an operating loss of $1.2 billion in its “other bets” category. In contrast, Nvidia already profits in the driverless vehicle domain, with expected revenue growth as more partnerships are formed.
Major automotive companies including Toyota, General Motors, Mercedes-Benz, and Volvo have partnered with Nvidia, reinforcing its dominance in the field. Nvidia’s technology is increasingly essential to automakers, particularly as the competition for autonomous vehicle solutions intensifies.
