Today's Research Reports on Stocks to Watch: NVIDIA Corporation and Baidu Inc

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Accesswire 7-Jul-2017 8:00 AM
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NEW YORK, NY / ACCESSWIRE / July 7, 2017 / NVIDIA Corporation and Baidu Inc. both saw their shares head higher in Wednesday trading after Baidu announced a large alliance. One of the companies happened to be Nvidia. Nvidia and Baidu will be working together on AI across many segments.
RDI Initiates Coverage on:
NVIDIA Corporation https://ub.rdinvesting.com/news/?ticker=NVDA
Baidu, Inc. https://ub.rdinvesting.com/news/?ticker=BIDU
NVIDIA Corporation's shares moved up in Wednesday trading after China'sBaidu made a big announcement that it has teamed up with the AI and microprocessor company. Nvidia will be working with Baidu on artificial intelligence. The partnership is a huge deal for the company and it will be working with Baidu in applications that include cloud computing, autonomous driving, education and research, and domestic uses via computer devices. "Our collaboration aligns our exceptional technical resources to create AI computing platforms for all developers--from academic research, startups creating breakthrough AI applications, and autonomous vehicles," commented Ian Buck, Nvidia's general manager of accelerated computing. Shares of Nvidia closed up 2.67% yesterday. The stock has seen gains of over 30% YTD.
Access RDI's NVIDIA Corporation Research Report at: https://ub.rdinvesting.com/news/?ticker=NVDA
Baidu, Inc.'s shares closed up 2.14% yesterday after it was revealed the company was making big strides in the self-driving arena. The top Chinese internet firm said on Wednesday that it has formed a broad alliance that includes partnerships with automakers, suppliers, startups, as well as universities and local governments, in an effort to promote self-driving cars. One partnership is with Nvidia Corp. which specializes in AI and microprocessors. The company wants to get self-driving vehicles on the road in China by the year 2019 and eventually in other markets. More than 50 companies have joined Baidu's Apollo's self-driving platform including Ford, Daimler, Nvidia, Intel, Microsoft, and LIDAR-supplier Velodyne.
Chief operating officer Qi Lu commented, "Apollo is an important milestone for the automotive industry. It is in essence the 'Android' of the autonomous driving industry, but more open and more powerful. Apollo is not solely Baidu's. It belongs to everyone in the ecosystem. And as we and our partners contribute to the platform in our areas of specialty, we all gain more, with the results far greater than just our own."
Access RDI's Baidu, Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=BIDU
Our Actionable Research on NVIDIA Corporation (NASDAQ: NVDA) and Baidu, Inc. (NASDAQ: BIDU) can be downloaded free of charge at Research Driven Investing.
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