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Barchart
Barchart
Anushka Mukherji

Is Toyota Stock a Buy on the Company’s New Nvidia Deal?

When it comes to electric vehicles (EVs), Tesla (TSLA) might be the first name that springs to mind, but Toyota (TM) is proving it deserves a spot in the conversation. The Japanese automaker, a dominant force in gas-powered cars for nearly a century, has been making rapid strides to diversify its business. From pioneering hybrids with the iconic Prius to its foray into EVs and autonomous vehicles (AVs), Toyota is quietly positioning itself as a key player in the future of mobility.

However, it wasn’t Toyota’s EV advancements that stole the spotlight at CES 2025, one of the most influential tech events of the year. At CES 2025, held earlier this month, Toyota grabbed investors’ attention with a groundbreaking announcement. The company showcased its deepening partnership with none other than Nvidia (NVDA), the undisputed leader in artificial intelligence (AI) and chip technology.

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