NVIDIA Unveils New Pegasus AI Computer, Boosting Stock and Taking D20 With It

This week marked a new all-time high for NVIDIA (NVDA), whose stock price soared 7.3 percent to close at $194.59 a share after the company unveiled its new Pegasus AI computer, which is designed for driverless vehicles.

The license plate-sized computer is 10 times more powerful than its predecessor, the NVIDIA Drive PX 2, and is driven by four high-performance, GPU-embedded AI processors.

Thanks to the incredible performance by NVIDIA, the Driverless Transportation Weekly Stock Index (D20) jumped 1.7 percent to 256.36, its fifth consecutive weekly gain.

As a percentage of value, the D20 has now beaten or tied the Dow and S&P 500 for eight straight weeks. The Dow increased 0.4 percent and closed at 2871.72 this week, while the S&P 500 inched up to 2553.17, a 0.2-percent gain.

In other D20 news, after gaining 75 percent in the last five weeks, BYD Company’s (BYDDY) stock reversed itself and was the D20’s leading price-percentage loser last week. It lost 4.1 percent and closed at $20.11 as rumors subsided about China mandating all vehicles be electric-like those made by BYD-in some of its cities.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Velodyne, the most established LiDAR manufacturer, has announced that they have quadrupled production capacity of their high-performance LiDAR sensors to meet growing demand. This production increase was made possible by Velodyne’s investment in a 200,000-square-foot mega-factory in San Jose, California.

In other LiDAR news, General Motor’s (GM) driverless division, Cruise, has acquired Strobe, a LiDAR sensor maker which, while trying to reduce cost and complexity, has reduced its LiDAR sensor array to one chip.