AMD Stock Forecast: AMD Plus Tesla Could Be A Championship Team For Self-Driving Cars

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

AMD Stock Forecast

Summary:
  • Intel recently announced that it is working with Google’s Waymo to develop level 4/level 5 autonomous vehicles. Intel's stock did not benefit from this official announcement.
  • CNBC reported that Waymo’s rival, Tesla is working with AMD to develop its custom AI processor. AMD's stock rallies +6.4% during after-hours trading after CNBC's report.
  • Nvidia is currently supplying the Tegra processor for Tesla’s self-driving car test unit. AMD probably secretly helping Tesla build its own Autopilot AI processor is a huge confidence booster.Unlike Nvidia, AMD can create AI processors using x86, ARM, and GPU technologies. AMD’s ex-employee Jim Keller is Tesla’s head of its Autopilot program.
  • Unlike Nvidia, AMD can create AI processors using x86, ARM, and GPU architectures.  AMD’s ex-employee Jim  Keller is Tesla’s head of its Autopilot program.
  • Supplying artificial intelligence processors for self-driving car is one way AMD can benefit from the fast-growing AI chipsets market.

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