Nvidia CEO Jensen Huang. (MANDEL NGAN/AFP via Getty Images) Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts’ predictions on the top and bottom line as revenue jumped 50% year-over-year. Here are the most important numbers from the report compared to what Wall Street was expecting from the company, as compiled by Bloomberg. Revenue: $7.1 billion versus $6.81 billion expected. Earnings per share: $1.17 versus $1.11 expected. Gaming revenue: $3.22 billion versus… Source link
Read More »Nvidia is on top of the world, but its rivals are gaining steam
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, November 11, 2021 Nvidia is still the graphics king, but AMD, Intel, and Apple are making moves Nvidia (NVDA) unveiled a sweeping array of new technologies at its GTC conference this week, ranging from an AI-powered chauffeur that can park your car to a tool to predict the paths of… Source link
Read More »Nvidia promises fully self-driving cars with new Nvidia Drive tech
Nidia’s is using its Omniverse and AI technologies to build out self-driving car capabilities. (Image: Nvidia) Nvidia (NVDA) is well-known for its autonomous vehicle efforts, and at the company’s GTC 2021 conference, it’s rolling out three technologies to support its future self-driving capabilities: Nvidia Drive Hyperion 8, Drive Chauffeur, and Drive Concierge. Taken together, the technologies help Nvidia push deeper into the autonomous car space. What’s more, the technologies provide… Source link
Read More »Tesla’s Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph
Aug 28 (Reuters) – Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp’s planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources. E-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported. Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings… Source link
Read More »NVIDIA Stock Through The Lens Of Big Money
So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares. Smart money managers are always looking for the next hot stock. And NVIDIA has many fundamental qualities that are attractive. This sets up well for the stock going forward. But how the stock is trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares the last year. You see, fund managers are… Source link
Read More »Pfizer, Alibaba, Nvidia, Moderna, Palantir — Stocks Buzzing On WallStreetBets Heading Into New Week
Heading into a new trading week, Pfizer Inc. (NYSE: PFE), Alibaba Group Holding Limited (NYSE: BABA), Nvidia Corp. (NASDAQ: NVDA) and Moderna Inc. (NASDAQ: MRNA) are among the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum. What Happened: Pfizer has emerged as the most-discussed stock on the forum with 106 mentions, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 102 mentions, data from Quiver Quantitative showed. Chinese e-commerce giant… Source link
Read More »Nvidia Q2 revenue jumps 68% on strength of gaming and data center businesses
Nvidia (NVDA) reported its fiscal Q2 2022 earnings after the bell on Wednesday, beating Wall Street expectations on the back of the continued growth of the company’s important data center and gaming segments, driving revenue up a whopping 68% year-over-year for the quarter. Here are the most important numbers from the report compared to what analysts were expecting, as compiled by Bloomberg. Revenue: $6.51 billion versus $6.33 billion expected EPS: $1.04 versus $1.01 expected Data Center:… Source link
Read More »Nvidia Drops After Touching Record on Arm Deal Prospects
(Bloomberg) — Nvidia Corp. notched a small decline after touching an all-time high Friday amid growing anticipation about whether the chipmaker will win regulatory approval for its proposed acquisition of Arm Ltd. The stock rose as much as 3.9% before erasing the gains to close down 0.1%. So far in June, the stock is up more than 14%, putting it on track for its biggest one-month gain since August. The month’s advance started after Nvidia Chief Executive Officer Jensen Huang said he remains… Source link
Read More »Nvidia CEO Talks about ARM Merger, $100M U.K. Supercomputer; Stock Rises 5%
Nvidia (NVDA) CEO Jensen Huang made a strong case for the ARM merger at the Six Five Summit and CogX conference. The executive also talked about U.K. opportunities and investments. Nvidia stock jumped 4.76% on Thursday to close at $746.29. Huang told the CogX conference that the merger would combine ARM’s CPU capabilities with Nvidia’s artificial intelligence capabilities to create new ideas. “The U.K. has every reason to be proud of Arm and its achievements and contributions to the… Source link
Read More »Google Stadia will support Android TV and Nvidia Shield on June 23rd
Google is expanding the availability of its Stadia game streaming service to more TVs and streaming devices later this month. The first version of Stadia on Chromecast with Google TV is launching on June 23rd, more than eight months after the device launched without official Stadia support. Alongside Chromecast with Google TV support, Stadia will also be available on a number of Android TV devices on June 23rd. Not every Android TV device is supported, but Nvidia’s Shield TV devices… Source link
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