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Nvidia, Volvo stocks rise for third straight day following deal on self-driving commercial trucks

Jun 21, 2019 at 08:43 AM CST

Shares of Nvidia and Swedish automaker Volvo rose for their third straight day Thursday after the companies announced a deal that will use Nvidia’s autonomous driving platform to build self-driving vehicles. U.S.-traded shares of Volvo and Nvidia’s stock have both jumped by about 7% since the announcement early Tuesday of plans to use Nvidia’s artificial intelligence for commercial vehicles, specifically public transportation, freight transport, refuse and recycling, construction, mining and forestry. Volvo is the world’s second-biggest truck-maker.