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 will hold a conference call on February 24, 2021, at 2 p.m. PT to discuss its financial results for the fourth quarter and fiscal year 2021, which ended on January 31, 2021. A written commentary from the CFO will be available shortly after the results are announced at approximately 1:20 p.m. PT. This call will be accessible via NVIDIA's website and will include a Q&A session limited to financial analysts and institutional investors.
NVIDIA has announced the launch of the new GeForce RTX 3060 GPU, powered by the Ampere architecture, delivering up to 10x the ray-tracing performance of the GTX 1060 at a starting price of $329. This GPU targets millions of gamers, with an estimated 90% of users currently on GTX-class GPUs. The RTX 3060 features impressive specs, including 12GB of GDDR6 memory, 25 RT-TFLOPs, and support for NVIDIA DLSS and Resizable BAR. The card is set to be available in late February 2021 through major retailers.
NVIDIA has announced the launch of its GeForce RTX 30 Series Laptop GPUs, featuring over 70 models powered by the NVIDIA Ampere architecture. These laptops, starting at $999, enhance energy efficiency by up to 2x and introduce the advanced 3rd Gen Max-Q Technology. The RTX 30 Series enables ray-traced gaming and facilitates content creation with significant performance improvements. Key models include RTX 3060 at 90 fps for $999, RTX 3070 at 90 fps for $1,299, and the flagship RTX 3080 at 100+ fps for $1,999. Global availability begins on January 26, 2021.
NIO has partnered with NVIDIA to integrate the NVIDIA DRIVE Orin system-on-a-chip for its new generation of electric vehicles, starting with the ET7 sedan in 2022. The collaboration aims to enhance autonomous driving capabilities with the Adam supercomputer, which will deliver over 1000 TOPS in performance. This strategic move positions NIO as a leader in the smart EV market, promising advanced AI-enabled features. The ET7 will also include a new 150kw battery for improved range, continuing NIO's commitment to making electric vehicle adoption mainstream.
NVIDIA will participate in several upcoming financial community events, including the J.P. Morgan Healthcare Conference on January 11 at 1:30 p.m. PT, the J.P. Morgan Tech/Auto Forum on January 12 at 7:50 a.m. PT, and the Goldman Sachs Technology & Internet Conference on January 12 at 12:40 p.m. PT. Interested parties can listen to live audio webcasts of these presentations at investor.nvidia.com, with replays available for 90 days afterward.
NVIDIA announced the GeForce RTX 3060 Ti, starting at $399, set to debut on December 2, 2020. This GPU, powered by the NVIDIA Ampere architecture, promises significant performance improvements over the RTX 2080 SUPER. With features like ray tracing and AI-powered DLSS, it aims to enhance gaming experiences, particularly for titles like Cyberpunk 2077 and Call of Duty: Black Ops Cold War. Additionally, purchasers may receive a one-year subscription to NVIDIA GeForce NOW.
NVIDIA will present at three upcoming financial events: the Credit Suisse 24th Annual Technology Conference on Nov. 30 at 9:20 a.m. PT, the Wells Fargo TMT Summit 2020 on Dec. 1 at 11 a.m. PT, and the UBS Global TMT Virtual Conference on Dec. 7 at 8:10 a.m. PT. Interested individuals can access live audio webcasts of these presentations at investor.nvidia.com, with replays available for 90 days after each event.
NVIDIA reported a record revenue of $4.73 billion for Q3 FY2021, marking a 57% increase year-over-year. Key segments include Gaming, contributing $2.27 billion (up 37%), and Data Center, reaching $1.90 billion (up 162%). GAAP EPS rose to $2.12, a 46% increase from last year. NVIDIA forecasts Q4 revenue at approximately $4.80 billion, with gross margins expected between 62.8% and 65.5%. Additionally, NVIDIA announced a $40 billion agreement to acquire Arm, expected to bolster its AI computing capabilities.
NVIDIA has unveiled its next-generation Mellanox 400G InfiniBand, delivering unparalleled performance for AI developers and researchers. This platform offers 3x switch port density and boosts AI acceleration power by 32x, significantly advancing capabilities in fields like drug discovery and climate research. Major players like Microsoft Azure and various infrastructure manufacturers plan to integrate this technology into their offerings. With offloading operations crucial for AI workloads, the architecture promises to enhance throughput and efficiency while maintaining backward compatibility.
NVIDIA has launched its new A100 80GB GPU, enhancing its HGX AI supercomputing platform with double the memory and over 2 terabytes per second of bandwidth. This innovation accelerates applications across AI, big data, and scientific research, enabling the training of larger models and faster processing. The A100 80GB GPU is expected to be integrated into systems from leading providers like Atos, Dell, Fujitsu, and others, set for release in the first half of 2021. The advanced GPU features improved memory capacity, multi-instance GPU technology, and groundbreaking tensor cores.
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