Nvidia in Pact With Foxconn to Build Autonomous Cars - MarketWatch

Getting a jump on the parade of announcements to come at this week's CES tech trade show in Las Vegas, the graphics and AI chip company Nvidia gave an unofficial virtual keynote presentation Tuesday morning, unveiling updates to its gaming, robotics, and auto businesses. Nvidia (ticker: NVDA) had a rough 2022, with its stock losing about half of its value. The company was hurt by a combination of a slowing PC gaming market, a sharp plunge in purchases of graphics chips by cryptocurrency miners, and softening sales of chips for data centers, in particular in China, where tougher export restrictions hurt the business. But the company remains a Wall Street favorite, viewed as a leader in the market for chips used in both graphics and AI applications. Nvidia focused in particular on the use of artificial intelligence software across its product lines.