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Nvidia outlook in autos has improved, says RBC Capital
After meeting with Nvidia's CFO and the senior director of its auto unit, RBC Capital analyst Mitch Steves is more upbeat on its longer term outlook in autos. The analyst says that use of the company's products in autos will become more widespread as ADAS becomes more advanced, making him more upbeat about its longer term opportunity in the space. He keeps an Outperform rating on the shares