NVIDIA Corporation (NVDA) Stock Tear Continues, Riding On Artificial Intelligence

NVIDIA Corporation (NVDA) stock surged on Wednesday in the wake of the company's earnings report on Tuesday evening, but it climbed even more on Thursday after the analyst day. It's really no surprise to anyone that artificial intelligence and deep learning were two key highlights of the chip maker's analyst day. Macquarie Research analyst Srini Pajjuri said in a note to investors that NVIDIA Corporation (NVDA) management estimates the total addressable market at $11 billion for "training" and $15 billion for "inference." The company's new Volta datacenter product focuses on "inferencing," the segment of the market that the analyst expects to be the more competitive of the two. It also announced a new self-driving partnership with Toyota, which builds on its other self-driving agreements with Tesla, Volvo and Audi.