Why is NVIDIA (NVDA) Surging? — Market Mad House

NVIDIA’s (NASDAQ: NVDA) share price is exploding. In fact, NVIDIA’s share price grew over $180 in 2020.

To elaborate, Mr. Market paid $239.91 for NVIDIA on 2 January 2020 and $419.17 for NVDA on 10 July 2020. However, NVIDIA’s share price fell to $402.09 on 13 July 2020. Thus, NVIDIA’s share price grew by $180 during a pandemic but lost some of that value.

Hence the NVIDIA Corporation (NASDAQ: NVDA) could be the perfect stock for our age. I think NVIDIA could be coronavirus resistant because it manufactures the graphics processing units (GPUs) games, artificial intelligence (AI), and digital platforms operate on.

NVIDIA could profit from Self-Driving Trucks

Moreover, NVIDIA manufactures the building blocks for the “brains” of autonomous vehicles and robots. To explain, NVIDIA builds both the hardware (GPUs) and software (the NVIDIA Drive Scalable AI Platform for Autonomous Driving) self-driving vehicles need to operate.

The adoption of autonomous vehicles is growing fast. For instance, a company called TuSimple is launching the first network of self-driving trucks, claims . Recode claims TuSimple has 22 customers for autonomous semis including UPS (NYSE: UPS) and major shipping company US Xpress.