The segment is accelerating, which could have an unintended consequence.
Nvidia's (NVDA 2.55%) automotive segment is growing faster than the rest of the business. With significant progress in driverless car technology, Nvidia's growth in that area is poised to accelerate (pardon the pun). This video explains why that's not all great news for Nvidia stock investors.
Stock prices used were the afternoon prices of Oct. 14, 2022. The video was published on Oct. 16, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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