Stellantis, Lucid and Mercedes-Benz Join Level 4 Ecosystem Leaders Leveraging the NVIDIA DRIVE AV Platform and DRIVE AGX Hyperion 10 Architecture to Accelerate Autonomous Driving NVIDIA and Uber NVIDIA DRIVE AGX Hyperion 10 is a reference computer and sensor architecture that enables automakers to build level 4-ready, software-defined vehicles on a validated, scalable foundation. News Summary: NVIDIA DRIVE AGX Hyperion 10 is a reference compute and sensor architecture that makes any vehicle level 4-ready ...

Core Viewpoint - SUTENG JUCHUANG (02498) has seen a significant stock price increase of over 6%, attributed to its deepened collaboration with NVIDIA and the anticipated growth in demand for LiDAR technology in various applications [1] Company Summary - SUTENG JUCHUANG's stock rose by 6.5% to HKD 44.54, with a trading volume of HKD 165 million [1] - The company announced at the IAA MOBILITY 2025 that its high-performance automotive-grade digital LiDAR products (E1, EMX, and EM4) will integrate with NVIDIA DRIVE, enhancing the development and testing of autonomous driving technologies [1] - Morgan Stanley upgraded SUTENG JUCHUANG's investment rating from "Neutral" to "Overweight," raising the target price from HKD 28.6 to HKD 53 [1] Industry Summary - The demand for LiDAR technology is expected to grow significantly, driven by the adoption of ADAS in Chinese electric vehicles and various robotic applications, including robotic lawn mowers, autonomous taxis, and logistics robots [1] - SUTENG JUCHUANG has secured incremental design orders in both the ADAS and robotics sectors, which is anticipated to improve profit margins and accelerate shipment growth [1] - The company is projected to achieve positive net profit by 2026, supported by the broader application prospects of LiDAR technology [1]

Core Viewpoint - SUTENG JUCHUANG (02498) shares rose over 6%, reaching 44.54 HKD, following the announcement of deepened collaboration with NVIDIA for high-performance automotive-grade digital LiDAR systems [1] Group 1: Company Developments - On September 11, SUTENG JUCHUANG announced at the 2025 IAA MOBILITY in Germany that its digital LiDAR products E1, EMX, and EM4 will integrate with the NVIDIA DRIVE ecosystem, providing high-definition 3D perception data to the NVIDIA DRIVE AGX platform [1] - This collaboration aims to shorten the development and testing cycles for autonomous driving technology, accelerating the deployment and application of autonomous driving systems by automotive companies [1] Group 2: Market Analysis - JPMorgan upgraded SUTENG JUCHUANG's investment rating from "Neutral" to "Overweight," raising the target price from 28.6 HKD to 53 HKD [1] - The report highlights the increasing adoption of ADAS and LiDAR in China's new energy vehicles, as well as strong demand for LiDAR in various robotic applications, including robotic lawn mowers, autonomous taxis, and logistics robots [1] - SUTENG JUCHUANG has secured incremental design orders in both the ADAS and robotics sectors, improving profit margins and is expected to achieve positive net profit by 2026 [1] - Given the broader application prospects for LiDAR and potential for future growth, SUTENG JUCHUANG is considered worthy of a valuation reassessment [1]

Investment Rating - The report maintains a "Recommended" investment rating for the industry [9]. Core Insights - The report highlights that NVIDIA continues to experience rapid revenue and profit growth, driven by its leadership in AI infrastructure and diverse business segments [9]. - The data center business is a significant contributor, accounting for nearly 90% of total revenue, with a total revenue of $46.7 billion, representing a 56% year-over-year increase [4][9]. - The report emphasizes NVIDIA's strategic collaborations and product innovations, particularly in AI and gaming sectors, which are expected to enhance its market position [9]. Revenue and Profit Performance - Total revenue for the second quarter reached $46.7 billion, with a year-over-year growth of 56% and a quarter-over-quarter growth of 6% [4]. - Data center revenue was $41.1 billion, while gaming revenue was $4.3 billion, showing a year-over-year increase of 49% [4]. - The GAAP gross margin was 72.4%, with a net profit of $26.4 billion, reflecting a 59% year-over-year increase [4][9]. Customer and Ecosystem Expansion - NVIDIA has expanded its customer base, deploying its RTX PRO 6000 Blackwell Server Edition with major companies like Disney and TSMC [4][6]. - The company is also enhancing its strategic partnerships in Europe to build AI cloud infrastructure aimed at industrial manufacturing [4][6]. Product and Technology Matrix - The Blackwell architecture has led to the launch of new products, including the GeForce RTX 5060, which achieved record shipping speeds [7]. - NVIDIA's DLSS 4 technology is now available in over 175 games and applications, indicating broad market penetration [7]. AI Empowerment - AI is identified as a core driver of NVIDIA's strategy, with significant advancements in training and inference capabilities [8]. - The company has collaborated with OpenAI to support the gpt-oss model, showcasing its commitment to AI innovation [8].