Nvidia continues to be the biggest beneficiary of the rampant spending on AI infrastructure. The company’s Blackwell GPUs continue to be the most talked about technology in tech circles and that has catapulted the stock close to its all-time highs.
For many, the stock continues to be an expensive bet and at current levels, it is hard to pull the trigger and invest in the company’s stock. If you’re in the same boat and find it hard to buy a stock at its all-time highs, you may want to consider investing in companies that work with Nvidia. Nvidia’s accelerated computing technologies are powering many companies’ products, especially those related to AI and autonomy.
We now look at the top 8 companies that have partnered with Nvidia recently. To come up with the 8 companies that partnered with Nvidia this month, we only considered stocks that announced a partnership with Nvidia after the 1st of January, 2025.
8. Accenture plc (NYSE:ACN)
Accenture is a professional services company that specializes in consulting, strategy, operations, and digital technology. The company, together with a supply chain solutions company KION Group, is leveraging Nvidia’s Omniverse to improve business operations.
Accenture will help KION improve the performance of warehouses through its expertise in digital technologies. The idea here is to create a digital twin using Nvidia’s Omniverse and use that digital twin to optimize and automate their operations. KION, a long-time client of Accenture, will accelerate the emergence of autonomous warehouses and factories by streamlining operations for future autonomous robots.
Nvidia CEO Jensen Huang had this to say about the partnership with Accenture:
By integrating Omniverse and Mega into their solutions, KION and Accenture can dramatically accelerate the development of industrial AI and autonomy for the world’s distribution and logistics ecosystem.
Accenture stock has traded range-bound for over two years and this partnership with Nvidia could well be the catalyst that triggers the stock’s next bull run.
7. Uber Technologies, Inc. (NYSE:UBER)
Uber, with the vast network of cars that already operate through its app, is one of the best stocks to benefit from autonomous vehicle technology. Uber sits on large amounts of data, gathered from the billions of trips completed on its network annually in over 70 countries.
If Uber can feed this data to Large Language Models to train the future fleet of robotaxis, it won’t need to pay the drivers that operate on its network. It will also massively improve the efficiency of its operations. This is where Nvidia comes in. With Nvidia’s expertise in accelerated computing, the mobility company can reduce the time it will take to achieve autonomy.
This is the exact sentiment that was echoed by Uber CEO Dara Khosrowshahi:
By working with NVIDIA, we are confident that we can help supercharge the timeline for safe and scalable autonomous driving solutions for the industry
Uber already collaborates with Waymo and Avride, but this partnership will boost the speed at which the company can achieve its autonomy objectives.
6. Aurora Innovation (NASDAQ:AUR)
We covered Aurora’s partnership with Nvidia in detail before. The company is on a mission to bring driverless trucks on the road and redefine how companies deal with logistics. Its Aurora Driver platform is a tool that provides all that’s needed for a truck to operate as an autonomous vehicle.
Nvidia will offer the company its DRIVE Thor system-on-a-chip and its DriveOS operating system. The purpose of the partnership is to not only create the first fully autonomous truck but also to scale it to a logistics network. This long-term focus suits investors who want to bet on a long-term AI play like Aurora.
Aurora Innovation’s stock closed up 28% yesterday, though it is pulling back considerably today. It continues to be on an uptrend as its autonomy ambitions move closer to becoming a reality thanks to Nvidia.
5. Cerence Inc (NASDAQ:CRNC)
Cerence Inc. helps improve the driving experience for drivers through its AI voice technology. Its CaLLM Edge technology helps improve the driving experience by working well in noisy environments. It can do this because its software runs on local processors rather than relying on a cloud connection.
The company plans to add Agentic AI-like features to its offerings, which is why it is teaming up with Nvidia. Just like Aurora Innovation, Cerence will benefit from Nvidia’s accelerated computing expertise to offer generative AI features to drivers.
Cerence already works with automakers like Jaguar Land Rover, BMW, Mercedes, Fiat, and others. Its technology integrates with the operating systems of many automakers and the Nvidia partnership will only strengthen those relationships as well as add more.
The stock seems to be calming down after more than doubling in a single day. It bottomed out a couple of months ago and it seems it has now finally joined the AI party with Nvidia.
4. Toyota Motor (NYSE:TM)
Toyota has a strong history of partnerships with Nvidia. Continuing that tradition, the car maker announced a new collaboration with the semiconductor giant. The firm’s upcoming vehicles will feature automated driving powered by Nvidia’s Drive AGX Orin Supercomputer and DriveOS operating system.
The Drive AGX supercomputer can process sensor data in real-time, which the DriveOS can then also process in real-time. This AI processing is expected to offer automated driving features that will take Toyota closer to achieving autonomy on roads.
The plan to put Nvidia’s supercomputer in Toyota vehicles was thought of nearly 7 years ago. Since then, Nvidia has helped Toyota by offering automation through the cloud. The collaboration now moves to offering the same through an in-car system, which should massively improve the efficiency of the system.
Toyota has been struggling to deal with potential tariffs, eroding margins due to labor costs, and a price war in China. Investors would hope the Nvidia partnership will help the company tackle these challenges.
3. Innoviz Technologies (NASDAQ:INVZ)
Innoviz stock has been struggling since its peak in 2021. A consistent downtrend since then wiped off most of the shareholder value. Things have changed in the last month though, with the stock rising 180%. The main reason behind this rise is of course the optimism surrounding autonomous driving, made possible thanks to improvements in AI technologies and accelerated computing.
Inoviz makes software for LiDAR technology that powers most of the current crop of autonomous vehicles like Google’s Waymo. Its collaboration with Nvidia announced at the CES 2025, involves Nvidia’s Drive AGX Orin supercomputer. The company will leverage this hardware to improve its software features. This is effectively what most other companies are trying to do, accelerating the development of their technology using Nvidia’s hardware.
This is how the company put it through its press release:
The collaboration with NVIDIA represents a major leap forward in the industry’s shift toward high-performance, AI-enabled perception systems. Innoviz’s perception software, optimized to run with the NVIDIA DRIVE Orin platform, allows for real-time processing and advanced understanding of the vehicle’s environment, enabling exceptional object detection, classification, and tracking capabilities.
It may still not be too late to take a position in the stock considering how badly beaten it was prior to its recent run.
2. Arbe Robotics (NASDAQ:ARBE)
Arbe Robotics grabbed attention at CES 2025 when it unveiled its ultra-high-definition radar tech. The company offers perception radar systems to car makers, enabling driver-assistance systems that will eventually lead to full self-driving.
Like many other companies, Arbe will also utilize Nvidia’s Drive AGX computing platform. It will work in tandem with the company’s free-space mapping technology, using AI to deliver autonomous driving and real-time safety applications. This integration was also mentioned by the company in its press release:
Arbe’s high-resolution radar integrates with the NVIDIA DRIVE AGX in-vehicle computing platform to revolutionize radar-based free space mapping.
The company’s stock went up 50% when the news of the partnership broke and is up 100% YTD. Going forward, the collaboration will likely help the company post better financial performance and revive the fortunes of investors who have invested in the company in the last 3 years.
1. Micron Technology (NASDAQ:MU)
Nvidia recently announced that Micron will be a key component of its supply chain for the execution of the Blackwell GPUs. Micron provides memory and storage solutions for the semiconductor industry, with its products used in consumer electronics, automobiles, computers, and servers.
Nvidia’s GPU technology is often constrained by the amount of memory it can process at a time. The requirement to process more and more data is now more important than ever. These GPUs require High Bandwidth Memory (HBM) and Micron is one of the top companies that specialize in it. The firm’s 1.8 terabytes per second of bandwidth is twice the bandwidth of the previous generation of Nvidia’s GPUs. This improvement suggests that Micron has been focusing on its R&D during this time which is one reason why Nvidia, itself a leader in innovation, prefers to partner with this firm.
Micron will stay relevant despite a lackluster performance at end the of last year, when people were negative about the stock. It is already up 17% YTD and with Nvidia confirming Micron is the supplier of choice for the storage and memory requirements, the year ahead is expected to be full of excitement for Micron investors.
Nvidia is 5th on our latest list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 193 hedge fund portfolios held NVDA at the end of the third quarter which was 179 in the previous quarter. While we acknowledge the potential of NVDA as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
