U.S traded shares of Volvo and Nvidia's stock have both jumped by around 7% since the companies announced plans early Tuesday to use Nvidia's artificial intelligence for commercial vehicles, specifically public transportation, freight transport, refuse and recycling, construction, mining and forestry.
rose for their third-straight day Thursday after announcing a deal that will use the tech company's autonomous driving platform to build self-driving vehicles.
Nvidia has been expanding aggressively into autonomous driving with new partnerships over the last two years with major automakers, including, Audi and Daimler. The deal with Volvo, the world's second-largest truck maker, helps Nvidia close ranks with Intel's Mobileye. The Israeli tech company, Mobileye, has partnered with more than 25 automakers across the world on its advanced driver assist systems technology, which is used in semi-autonomous cars.
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