Welcome to our dedicated page for Nvidia news (Ticker: NVDA), a resource for investors and traders seeking the latest updates and insights on Nvidia stock.
Nvidia Corporation (NASDAQ: NVDA) is a pioneering multinational technology company based in Santa Clara, California. As a leader in accelerated computing, Nvidia excels in designing and manufacturing graphics processing units (GPUs) that significantly enhance visual experiences and computational tasks.
Initially acclaimed in the gaming sector for their GeForce GPU series, Nvidia's innovations have propelled them into the forefront of artificial intelligence (AI) and high-performance computing (HPC). Their GPUs now play critical roles in AI model development, machine learning, data analytics, and scientific research, powered by their proprietary CUDA platform.
In addition to gaming and AI, Nvidia is expanding into data center solutions, where their technologies facilitate complex workload management and processing. Their recent advancements include the Grace Hopper superchips, which are deployed in next-gen supercomputers worldwide, driving groundbreaking research in fields such as climate science, drug discovery, and quantum computing.
Key partnerships have bolstered Nvidia's growth, with collaborations ranging from renowned universities to industry giants like Hewlett Packard Enterprise (HPE). With their Spectrum-X networking platform and the new Blackwell architecture, Nvidia supports AI cloud services and enterprise data centers, offering unparalleled performance and efficiency.
Financially, Nvidia has demonstrated robust growth, reporting a revenue of $26.0 billion for the first quarter ended April 28, 2024, marking a significant 262% increase from the previous year. Their strategic initiatives include a ten-for-one forward stock split to make stock ownership more accessible, enhancing investor confidence.
Nvidia's innovations extend to a diverse range of applications, including autonomous vehicles, robotics, and digital humans. The Nvidia Isaac robotics platform, for instance, is being adopted by global leaders to develop AI-enabled autonomous machines, improving industrial automation and human-robot collaboration.
Most recently, Nvidia's ACE digital human technologies have been integrated into customer service, gaming, and healthcare applications, showcasing their commitment to revolutionizing human interaction with digital systems.
For further engagement and continuous updates, Nvidia invites stakeholders to their investor relations website and scheduled conference calls, ensuring transparency and accessibility to financial insights and corporate developments.
NVIDIA reported record quarterly revenue of $7.64 billion for Q4 FY22, marking a 53% increase year-over-year. Fiscal-year revenue reached $26.91 billion, up 61%. GAAP earnings per diluted share were a record $1.18, up 103% YOY. Significant growth was noted in Gaming, Data Center, and Professional Visualization sectors. However, NVIDIA terminated its acquisition of Arm due to regulatory challenges, leading to a $1.36 billion write-off. The outlook for Q1 FY23 anticipates revenue of $8.10 billion.
Jaguar Land Rover has partnered with NVIDIA to transform luxury automotive experiences starting in 2025. The collaboration aims to develop AI-powered autonomous driving systems and connected services, with all new vehicles built on NVIDIA's DRIVE software-defined platform. This integration will provide advanced safety features, real-time monitoring, and over-the-air software updates. The initiative aligns with Jaguar Land Rover's goal to achieve net-zero carbon emissions by 2039, showcasing a commitment to innovation and sustainability in the automotive industry.
NVIDIA will host its virtual GTC 2022 conference from March 21-24, featuring over 900 sessions and 1,400 speakers, including top technologists from major companies like Microsoft and Pfizer. The keynote by CEO Jensen Huang is scheduled for March 22 at 8 a.m. PT. Key topics include AI, accelerated computing, and digital twins, with sessions aimed at various skill levels. NVIDIA is committed to making AI accessible, providing free DLI course credits to minority-serving institutions and supporting startups through its NVIDIA Inception program.
NVIDIA and SoftBank have terminated their agreement for NVIDIA to acquire Arm Limited due to regulatory challenges. Despite this setback, NVIDIA's CEO stated his commitment to support Arm as a licensee. SoftBank plans to prepare Arm for a public offering within the fiscal year ending March 31, 2023. This decision reflects a strategic pivot for Arm, which is positioned at the forefront of innovations in mobile computing, AI, and cloud technology.
NVIDIA will host a conference call on February 16, 2022, at 2:30 p.m. PT to discuss its financial results for Q4 and fiscal year 2022, which ended January 30, 2022. A written commentary from the CFO will be provided ahead of the call, available on investor.nvidia.com after the results are announced at approximately 1:20 p.m. PT. The call will include a limited Q&A session for financial analysts and institutional investors.
Veritone (NASDAQ: VERI) has announced that its MARVEL.ai synthetic voice solution is now compatible with NVIDIA's (NASDAQ: NVDA) Omniverse Audio2Face technology. This integration allows creators to access over 200 synthetic voices in 150 languages, enhancing virtual reality and animation projects. Veritone's Co-founder, Ryan Steelberg, emphasized the significance of this compatibility for metaverse development. The MARVEL.ai platform supports various industries by enabling users to create and monetize voice projects securely and ethically, facilitating seamless communication in immersive digital environments.
NVIDIA has unveiled over 160 gaming and Studio laptops powered by its latest GeForce RTX GPUs at CES 2022. The RTX 3080 Ti, starting at $2,499, delivers unprecedented performance, while the RTX 3070 Ti laptops begin at $1,499. The company also expands the NVIDIA Studio ecosystem and introduces the RTX 3050, making ray tracing more accessible at a starting price of $249. Additionally, partnerships with Electronic Arts, Samsung, and AT&T enhance the GeForce NOW cloud gaming experience. NVIDIA aims to transform the gaming landscape with these developments.
NVIDIA will participate in the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 9:30 a.m. Pacific Time. Interested parties can access a live audio webcast of the presentation at investor.nvidia.com, with replays available for 90 days post-event. NVIDIA, a leader in GPU technology since 1999, continues to innovate in AI and accelerated computing, impacting various trillion-dollar industries including transportation and healthcare.
NVIDIA announced a special address scheduled for CES on January 4, 2022, at 8 a.m. Pacific time. Executives Jeff Fisher and Ali Kani will showcase advancements in accelerated computing across sectors such as design, gaming, and autonomous vehicles. The presentation can be accessed live via NVIDIA's event page. The company, known for its groundbreaking work in GPU technology since 1999, continues to lead in AI and high-performance computing, influencing industries including transportation and healthcare.
INTEMA by MTS AI has joined the NVIDIA Inception VC Alliance, enhancing its AI accelerator program for startups. This collaboration grants access to over 9,000 startups from NVIDIA's Inception program, mentorship from industry leaders, and resources from the Deep Learning Institute. INTEMA's strategy includes investing up to
FAQ
What is the current stock price of Nvidia (NVDA)?
What is the market cap of Nvidia (NVDA)?
What does Nvidia Corporation specialize in?
Where is Nvidia Corporation headquartered?
What are some of Nvidia's key products?
How has Nvidia performed financially in recent quarters?
What industries does Nvidia's technology impact?
What is Nvidia's ACE technology?
What recent partnerships has Nvidia announced?
How is Nvidia involved in the AI and robotics sectors?
What is Nvidia's Spectrum-X networking platform?
How can investors stay updated on Nvidia's financial performance?
