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Nvidia Stock Analysis: Tesla’s Autonomous Car Ambition Is A Long-term Tailwind For Nvidia

The 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.

Summary:

Nvidia’s stock price is lower this October after it posted 11.71% return in September.
Profit-taking from institutional investors is likely why NVDA took a dip this month.
Tesla’s recent decision to use Nvidia’s deep learning platform for its autonomous car project could attract buy-side investors to load-up on Nvidia’s stock.
Nvidia has long-term benefits from Tesla’s autonomous car ambition. Tesla will buy the processors and sensors from Nvidia to create self-driving cars.