'In the past five years, the company delivered a great leap forward with a 500-times increase in computing power,' Capron says. Nvidia currently plays a crucial role in this revolution.

'They are taking different shapes, from the traditional robot arms in manufacturing, to mobile robots, flying robots and more recently autonomous cars.'Ĭapron adds, 'AI and machine learning are playing a major role and this is just the beginning.' 'Robots are starting to proliferate in all sorts of applications, being deployed in hospitals to assist surgeons in the operating room,' he says. 'Robotics, automation and artificial intelligence is the next technological revolution, perhaps the most important tech revolution in our lifetime, and certainly comparable to that of the internet and mobile in the past two decades,' says Jeremie Capron, head of research at Robo Global.Ĭomputers are now driving cars and trucks, robots can translate and interpret natural language and even defeat champions of chess, Jeopardy and more, Capron says.

The chip-making behemoth is currently trading at around $290 per share, as the company continues to make deep inroads into the potentially lucrative artificial intelligence market. Nvidia is currently billed as one of the most touted stocks on Wall Street, after Needham pegged NVDA with a $350 price target on Sept.

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