Nvidia Sets May 20 Q1 Report; Drive AGX Thor to Power Nuro Robotaxis
Nvidia will report Q1 earnings on May 20, after which its stock historically delivered similar returns in seven of the past ten quarters. Its Drive AGX Thor computer has secured a California driverless testing permit for Nuro's Lucid Gravity SUVs under Uber's expanded $500 million, 35,000-vehicle robotaxi agreement.
1. Q1 Earnings Outlook
Nvidia will release results for its fiscal first quarter on May 20, covering the period through the end of April. The stock has shown comparable post-earnings performance in seven of the last ten quarters, indicating stable investor reaction to quarterly updates.
2. Drive AGX Thor Powers Nuro's Lucid Gravity Tests
Nuro secured a modified California driverless testing permit to operate Lucid Gravity SUVs equipped with Nvidia's Drive AGX Thor computer. This effort supports Uber's expanded $500 million commitment to acquire at least 10,000 Gravity SUVs and 25,000 mid-size platform EVs, with testing slated to begin later this year.