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Core Insights - Nvidia is incubating a Robotaxi project, transitioning from a chip supplier to a direct participant in the autonomous driving sector, driven by the need for a technology closed-loop [2][3] - The global Robotaxi market is expected to reach 488.8 billion yuan in China and 834.9 billion yuan worldwide by 2030, with Nvidia aiming to leverage its technology to enhance its sales in autonomous driving solutions [3] - Nvidia's automotive and robotics revenue was only 1.31% of its total revenue in FY2025, indicating a need for growth in this segment [4] Nvidia's Strategy and Market Position - Nvidia's strategy to enter the Robotaxi market may be influenced by the success of Tesla, aiming to validate its GPU and AI capabilities through real-world applications [3][4] - The company has a comprehensive ecosystem in intelligent driving, including smart driving chips and simulation systems, but faces challenges in practical road testing and data accumulation compared to competitors like Tesla [4][8] - Nvidia's Drive Orin-X chip holds a 39.8% market share in the domestic intelligent driving domain, indicating its current leadership in the chip market [3] Financial Performance and Projections - Nvidia's total revenue for FY2025 is projected at $130.5 billion, with automotive and robotics revenue at $1.7 billion, highlighting the relatively small contribution of this segment [4] - Nvidia's automotive business is expected to accelerate, with projections of reaching $5 billion in revenue by FY2026 [4] Industry Challenges and Competition - The Robotaxi sector is capital-intensive and still in its early stages, with companies like Waymo and Cruise leading the market, posing challenges for Nvidia's entry [5][8] - Domestic competitors are rapidly advancing, with companies like NIO and XPeng launching their own chips and vehicles, indicating a shift in competitive dynamics [7][8] - Nvidia's core business remains heavily reliant on data center revenues, which accounted for 88% of total revenue in FY2025, emphasizing the need for diversification [6] Future Outlook - The Robotaxi industry is still evolving, with various business models and technological pathways yet to be established, suggesting potential for Nvidia to reshape its market position through strategic partnerships and open platforms [8] - Nvidia's entry into the Robotaxi market could lead to a concentration of resources among leading players, potentially creating a "data oligopoly" as companies share data to enhance their technologies [8]