What Is Nvidia's New $1 Trillion Superproject?

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

NIO Limited
NYSE:NIO
$4.61
Open 4.59 Prev Close 4.87
High 5.04 Low 4.59
Volume 0 Volume (Avg) 51,388,364
52 Week High 66.99 52 Week Low 2.15
Market Cap 66.5B PE Ratio -2.54

General

NameNIO Limited
TickerNIO
ExchangeNYSE
SectorConsumer Cyclical
IndustryAuto Manufacturers
CurrencyUSD
CountryUSA
Fiscal Year EndDecember

About NIO Limited

NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. Further, it provides value-added services, such as statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance services; courtesy car services during lengthy repairs and maintenance; and roadside assistance, as well as data packages. NIO Limited has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles; and collaboration agreements with various manufacturers for the manufacture of ES8, a six or seven-seater high-performance electric SUV. The company was formerly known as NextEV Inc. and changed its name to NIO Limited in July 2017. NIO Limited was founded in 2014 and is headquartered in Shanghai, China.

Highlights

Analyst Target57.57
Market Cap66,503,098,368
PE Ratio-2.54

Valuation

Price/Sales (Trailing 12 Mt.)21.17
Price/Book (Most Recent Quarter)16.70

Technicals

Beta2.73
52 Week High66.99
52 Week Low2.15
50 Day Average51.02
200 Day Average40.94

Earnings

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