Today’s Trending Stocks: LendingClub, Tesla, Facebook, and More

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NVIDIA Corporation (NASDAQ:NVDA) is in the spotlight after Electrek reported that Tesla Motors Inc (NASDAQ:TSLA) will likely use NVIDIA’s CUDA, a parallel computing platform, to power its end-to-end computer vision framework that is intended to take data from camera sensors and compute it through image processing to better control Tesla vehicles. If the system works out, demand for NVIDIA’s chips could grow. The smart money was relatively optimistic on NVIDIA as the number of funds from our database with holdings in NVIDIA Corporation (NASDAQ:NVDA) rose by seven quarter-over-quarter to 50 at the end of June.

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In other autonomous driving related news, Tesla Motors Inc (NASDAQ:TSLA) founder and CEO Elon Musk tweeted out after Germany’s Transport Ministry labeled Tesla’s Model S’ autopilot function as a ‘considerable traffic hazard’ according to an internal report.

Although it is on the bleeding edge in terms of autonomous driving features, Tesla has been criticized for adopting the tech too early. Hopefully, with more data and better technology, the autopilot will be mistake free over time. A total of 36 funds tracked by us owned shares of Tesla Motors Inc (NASDAQ:TSLA) at the end of June, down by three funds from the previous quarter.

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Disclosure: none

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