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 and Epic Games have announced that Fortnite will integrate real-time ray tracing, NVIDIA DLSS, and other advanced technologies, enhancing gameplay for its 350 million players. This upgrade will utilize NVIDIA’s GeForce RTX 30 Series GPUs, offering improved visuals and performance. Key features include ray-traced reflections, shadows, global illumination, and ambient occlusion, introducing realism to all Fortnite modes. Additionally, the new RTX Treasure Run map will showcase these technologies. The features are set to launch soon in Fortnite Chapter 2 - Season 4.
NVIDIA will present at two significant upcoming events for the financial community. The Deutsche Bank Technology Conference is scheduled for Sept. 14 at 12:20 p.m. PT, followed by the Evercore ISI Virtual New Mobility & AI Forum on Sept. 21 at 9:15 a.m. PT. Interested parties can listen to live audio webcasts of the presentations and access replays for 90 days afterward. NVIDIA is well-known for its GPU innovations, which have driven advancements in gaming, computer graphics, and AI technology.
NVIDIA reported record revenue of $3.87 billion for Q2 FY21, a 50% increase year-over-year. Data Center revenue reached $1.75 billion, up 167% from last year. GAAP EPS was $0.99, a 10% rise year-over-year but down 33% from the previous quarter. Non-GAAP EPS stood at $2.18, a 76% boost from last year. NVIDIA anticipates Q3 revenue of $4.40 billion with gross margins around 62.5%. The company emphasizes growth in gaming, AI, and cloud computing, while automotive and professional visualization sectors faced declines.
NVIDIA announced its participation in two upcoming virtual events for the financial community. The BMO 2020 Virtual Technology Summit is scheduled for August 25 at 9 a.m. PT, while the Citi Global Technology Virtual Conference will occur on September 9 at 8:40 a.m. PT. Interested parties can access live audio webcasts of the presentations on NVIDIA's investor relations website, with replays available for 90 days post-event. NVIDIA, known for its groundbreaking GPU technology, plays a crucial role in modern AI and computing.
NVIDIA will host a GeForce Special Event on Sept. 1, 2020, at 9 a.m. Pacific time, featuring a keynote by CEO Jensen Huang. The event will showcase the company's latest advancements in gaming and graphics technology. Interested participants can tune in through the official NVIDIA website. For updates, news will be available on NVIDIA's news site and GeForce's dedicated page. NVIDIA, known for its innovations in GPUs, has played a significant role in the evolution of gaming, graphics, and AI technologies.
NVIDIA will host a conference call on August 19, 2020, at 2 p.m. PT to discuss its financial results for Q2 FY2021, ending July 26, 2020. The call will be available via webcast and will include a session for financial analysts and institutional investors. Written commentary from the CFO will be released at approximately 1:20 p.m. PT on the same day. The recorded webcast will remain accessible until the following quarterly earnings call. NVIDIA is a leader in GPU technology and has been pivotal in advancing AI and parallel computing.
NVIDIA has appointed John Dabiri to its board of directors, expanding the board to 12 members. Dabiri, a professor at the California Institute of Technology, brings extensive academic credentials, with a focus on fluid mechanics, energy, and environment. He has previously worked at Stanford University and has received numerous accolades, including a MacArthur Fellowship and a Presidential Early Career Award. CEO Jensen Huang highlighted Dabiri's potential to add unique insights beneficial for industries in fundamental sciences.
NVIDIA and Mercedes-Benz have announced a partnership to develop a groundbreaking in-vehicle computing system and AI infrastructure, set to launch in 2024. This cooperation aims to integrate advanced automated driving functionalities into future Mercedes-Benz vehicles through the NVIDIA DRIVE platform. Features include the ability to automate regular driving routes and over-the-air updates for continuous enhancements. The platform will utilize the new NVIDIA Orin system-on-a-chip, leveraging the NVIDIA Ampere architecture to enable SAE level 2-4 automated driving capabilities.
NVIDIA has partnered with top server manufacturers to launch over 50 A100-powered systems, designed to meet complex demands in AI and data science. With a significant performance boost of up to 20x over previous models, the A100's innovative features include multi-instance GPU technology. 30 systems are anticipated this summer, with an additional 20 by year-end. Major vendors like Dell, Cisco, and Lenovo plan to integrate these GPUs into their offerings, ensuring diverse solutions for high-performance computing needs.
NVIDIA announced its 2020 Annual Meeting of Stockholders, to be held online on June 9, 2020, at 11 am PT. Stockholders can attend virtually at www.virtualshareholdermeeting.com/NVIDIA2020 using their control numbers to vote and ask questions. Non-stockholders can also register to attend. The agenda is detailed in the Proxy Statement filed with the SEC on April 29, 2020, accessible at www.nvidia.com/proxy. A replay of the meeting will be available until June 23, 2020.
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