The California-based company's executives said the self-driving car of tomorrow is probably going to look a lot more like today's models, according to The Wall Street Journal.
While Google is making plans to begin testing its self-driving cars in California this summer, Nvidia is catching up as it began shipping a development kit to customers like Tesla Motors (TSLA), Aston Martin, and Rolls Royce, The Wall Street Journal added.
The development kits are being used to help train self-driving prototypes. While this training process could take years, the kit's software will eventually teach cars how to tell the difference between a police car and other vehicles, the Journal reported.
"But it's a race against time-as well as other carmakers-to sufficiently train the cars' computers to recognize and analyze real-world information," Nvidia's senior director of automotive operations Danny Shapiro told the Journal. "You have to train the car before you ever send it out."
TheStreet Ratings team rates NVIDIA CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NVIDIA CORP (NVDA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income."