The stock of NVIDIA Corporation (NASDAQ:NVDA) closed at $181.30 gaining 0.29% in yesterday’s trading session. This graphics-chip specialist is on course to conquer the drone space. NVIDIA performance in this particular realm is outstanding considering that last month it scored two notable artificial-intelligence (AI) wins.
The news is music to the ears of a large number of the top investors. Most of them have expressed their appreciation of the fact that the drone space has in the recent times been experiencing significant growth.
The research firm Gartner has proceeded to project its estimates placing the growth of the global civil drone market at 36%. If all moves according to plan it might explode in the coming decade. That is in close consideration of the fact that many companies are increasingly adopting drones to facilitate their delivery activities.
Industrial inspections, security, entertainment and agricultural segments are some of the areas that might find the drone services important. The burgeoning category of AI involves the training of a given machine to make inferences from data, almost in a similar way to humans. Experts believe that it can used to smarten up drones.
Drone delivery is the next big thing and that might be the reason why JD.Com Inc (ADR) (NASDAQ:JD) has been considering taking advantage of NVIDIA’s products. The second-largest online retailer has expressed great interest in the adoption of NVIDIA’s AI for its drone deliveries and the future looks bright.
JD X, which happens to be JD.com’s innovation lab has come up with two delivery vehicles. At the moment, JD X is testing the JDrover, a 4-wheeled robot. JD X has unveiled its pilot program in a number of Chinese provinces and it hopes that all of them will use the drones for agricultural, delivery and the rescue and search applications.
The general manager of DGX Systems for NVIDIA, Jim McHugh, opined, “Using our latest DGX systems to help train robots and better predict industrial defects increases worker safety, protects the environment, and leads to substantial cost savings for companies.”