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Nvidia Could Make Nearly $2 Billion In 2 Years From Toyota Self-Driving Car Deal

The decision by Toyota Motor Corp (ADR)  to use NVIDIA Corporation  to power the automaker’s autonomous driving systems could generate $1 billion to $1.7 billion in incremental sales over the next two years, according to analysts.

A note by Needham analysts Rajvindra S. Gill and Robert B. Mertens maintained Nvidia's Buy rating and raised the target price from $130 to $200. The stock was up 2.57 percent Monday at $150.53.


Toyota announced in May it will use Nvidia’s Drive PX supercomputer, a platform with a new processor called Xavier, for its self-driving cars.

The analysts said Toyota plans to deploy Level 2 Advanced across all of its major models, from Corolla to Lexus, by 2020. Level 2 autonomy means systems that can control steering and speed without driver interaction for limited periods of time.

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