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Nvidia's new 'robot brain' goes on sale for $3,499 as company targets robotics for growth

1. Nvidia's Jetson AGX Thor chip achieves 7.5 times previous generation speed. 2. Robotics sector, 1% of revenue, is a major growth opportunity for Nvidia. 3. Quarterly robotics and automotive sales surged 72% to $567 million. 4. Jetson chips support generative AI models essential for robot functionality. 5. Partnerships include major companies like Amazon and Boston Dynamics.

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FAQ

Why Bullish?

The advancements in robotics chips and significant sales growth indicate strong future revenue potential.

How important is it?

The innovations in robotics and partnerships positioned Nvidia as a leader could significantly boost its market presence.

Why Long Term?

Robotics technology requires time to integrate into production; however, strategic positioning suggests sustained growth.

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