Tag Archives: Nvidias

Nvidia (NVDA) is the AI king. Its share of the global AI chip market is estimated at anywhere between 70% and 90%. Its high-powered graphics processors, which are perfect for training AI models and putting them to work, are in such demand that getting them is a task all its own. In June, with the AI craze in full swing, Nvidia’s market cap eclipsed the $1 trillion mark. And on Friday, shares of the company hit an all-time high of $549.91. It’s not just Nvidia’s hardware that helps it… Source link

(Bloomberg) — Just 10 days into the new year and a familiar stock is back near the top of the leaderboard: Nvidia Corp. Most Read from Bloomberg After struggling for months to break out above $500 a share, last year’s best performer in the S&P 500 has pushed decisively into record territory with a nearly 9% advance. With its market value now at more than $1.3 trillion, it’s less than $250 billion shy of Amazon.com Inc., the fourth-most valuable company in the benchmark. The fact that… Source link

Chip designer NVIDIA (NVDA) Corp. disappointed on guidance in their latest earnings report, but there was a lot in the update that Bank of America (BofA) analysts liked. “Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets,” Bank of America analysts wrote in a recent note. “The company has executed consistently and… Source link

It’s been a great week for the portfolio. Ahead of the long holiday weekend, I know the buzz centers on Nvidia (NVDA) and how this great $465 billion company signaled a sea change when it reported a solid quarter, cut guidance — and shares rallied. That was directly contrary to the pattern before it. I am not so sure of the direction here when it comes to technology stocks. I believe that if your company caters to the enterprise, a la Club holding Marvell Technology (MRVL), the process is… Source link

Nvidia introduced a new version of its autonomous-driving platform at its GTC developers conference this week. Automotive is a small segment of the company’s business. But it’s getting a lot of attention from Nvidia founder and CEO Jensen Huang. At the conference, Huang touted the company’s $11 billion vehicle-tech order pipeline over the next six years. But he says that’s only one slice of the potential market for autonomous-driving technologies and their importance to Nvidia ( Source link

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, January 26, 2022 Nvidia’s (NVDA) $40 billion bid to buy chip designer Arm is effectively over. The deal, which would have blown apart the balance of power in the microprocessor industry, already attracted intense scrutiny from regulators both in the U.S. and abroad. Industry… Source link

Graphics card giant Nvidia’s (NVDA) plans to buy Arm, which licenses chip designs, looks all but dead after the Federal Trade Commission sued to block the deal on Thursday. The move is just the latest blow to the $40 billion deal and would seem to strike the final blow to a deal that would have been one of the largest chip industry mergers in history. Nvidia’s stock, however, was up slightly on the news late Thursday, though it was down Friday along with the broader market. That could… Source link

Nvidia’s (NVDA) $40 billion deal to purchase the U.K.-based chip developer ARM from SoftBank is all but dead. That’s at least what Susquehanna senior equity analyst Chris Rolland took away from Nvidia’s leadership during the company’s Q3 earnings call on Wednesday. “I think some of the commentary [on Wednesday] kind of puts the final nail in the ARM coffin here,” Rolland told Yahoo Finance Live. Nvidia initially made the $40 billion deal public in September 2020 with expectations… Source link

Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link