Todor Pichurov

NVidia Corp. (NASDAQ:NVDA) Tegra to Feature in Honda's Connected Vehicles

by Todor Pichurov October 3, 2014

This week chipmaker NVidia Corp. (NASDAQ:NVDA, NVDA message board) announced the company will be supplying a number of new Honda vehicles with its Tegra chip. Yesterday traded a fraction of a percent down again, stopping at $18.19 per share on 7.2 million shares traded.

The chipmaker informed its Tegra chip will be powering the infotainment system of the 2015 iterations of the Honda Civic, Civic Tourer and CR-V, all set to hit European markets next year. The version of the Tegra to be included in the car systems is referred to as 'automotive-grade' in the PR.

NVDA's chip will be powering the Honda Connect system – an environment built around Android Ice Cream Sandwich and delivered on a seven-inch screen. The Tegra will be responsible for running trafic apps, mapping, navigation and rear camera, among others.

According to a ZDnet report, this is the 19th automaker that chose to put NVDA tech in its vehicles. At the moment there are more than 6 million cars that have NVDA processors in them. An additional 25 million chips are expected to find their way in new cars over the coming five years.

On the technical side of things, a Forbes article noted that NVDA hit an RSI of under 30 and thus became oversold. While NVDA sank below its 50-day moving average relatively easily, the company also had a brief intra-day excursion below its 200-day moving average on Thursday. However, by the closing bell NVDA was safely back above that divide.

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