The Zacks Analyst Blog Highlights: Zoom, Digital Turbine, Apple, Google and NVIDIA
The company has some impressive investors and partners. Tech giant NVIDIA (NASDAQ: NVDA) was an early investor and hot-stock picker Cathie Wood has been buying shares of the newly public company for two of her Ark Invest exchange-traded funds (ETFs). TuSimple, founded in 2015, is based in San Diego and also has U.S. locations in Tucson, Arizona, and Fort Worth, Texas.
The world's largest semiconductor company (as measured by revenue), Intel (NASDAQ: INTC), has not been having a good go of it as of late. The company has fallen behind technologically to leading chip fabrication behemoth Taiwan Semiconductor (NYSE: TSM), and myriad other chip designers like NVIDIA (NASDAQ: NVDA) have been scooping up sales from Intel's dominant PC and data center biz. Intel has a plan to invest heavily in its fabrication process and revamp its product designs, though, and some investors have drawn parallels between Intel now and where scrappy general purpose chip company AMD (NASDAQ: AMD) was in the years following the Great Recession of 2008-2009.