TECH - 'Self-Driving Cars Will Take Time:' Munster Explains What Nvidia's Q4 Automotive Revenue Slide Means For Future Of EVs | Benzinga
Nvidia Corp. (NASDAQ:NVDA) delivered impressive quarterly results after the bell on Wednesday, exceeding analyst expectations across most segments. However, one area of concern was the 4% year-over-year decline in automotive revenue, raising questions about the adoption of self-driving technology in electric vehicles (EVs).
What Happened: Gene Munster, fund manager at Deepwater Asset Management, weighed in on the segment’s performance and its implications for EVs.
“I'm a huge believer in autonomy, and I'm disappointed that the segment is down 4% YoY,” he said. He saw the performance as a leading indicator for the adoption of self-driving tech. “Self-driving cars will take time and have a GPT momentum.”
Despite the decline, Nvidia’s Automotive segment reached an annual revenue run-rate of $1 ...