Tesla Inc. will use hardware from Intel Corp. and not Nvidia Corp. for the information and entertainment screens in its Model 3 cards and new versions of its other cars, according to a Bloomberg report. Nvidia stock edged up less than 0.1% to $172.10 after hours. Tesla and Intel shares were flat. Both Intel, the world’s largest chip maker, and Nvidia, which has a healthy gaming business from its GPU sales, have been looking for additional revenue streams. Analysts have modeled Nvidia’s next quarter auto revenue of $159 million up from $127 million the year earlier period, according to FactSet. Intel does not break out auto revenue into a separate segment. While electronic components are becoming an increasingly important part of cars, Tesla shipped just over 76,000 in its last fiscal year. Intel stock rose 0.2% to $37.47 after hours and 3.31% thus far this year. The S&P 500 index has risen 11.52%.
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