Nvidia Corporation Stock Price, News & Analysis

NVIDIA has launched the Base Command Platform, a cloud-hosted development hub for AI projects, in collaboration with NetApp. This platform enables enterprises to manage AI workflows with ease and access the powerful NVIDIA DGX SuperPOD AI supercomputers. The subscription service starts at $90,000 per month and aims to simplify AI deployment. Google Cloud will also support the platform later this year, allowing enterprises to utilize multiple NVIDIA A100 Tensor Core GPUs. This initiative emphasizes the growing importance of AI in digital transformation.

NVIDIA has introduced two new GPUs to its GeForce RTX family: the RTX 3080 Ti and RTX 3070 Ti. The RTX 3080 Ti launches on June 3 with a starting price of $1,199, while the RTX 3070 Ti is set to follow on June 10 at $599. Both models feature significant performance improvements over their predecessors, with the 3080 Ti offering 2x the speed of the GTX 1080 Ti and 1.5x over the RTX 2070 SUPER. Both GPUs are optimized for gaming and creative applications, bolstered by features like NVIDIA DLSS and NVIDIA Reflex.

NVIDIA has announced over 130 games and applications now support NVIDIA RTX™ technologies, enhancing PC gaming experiences with features like ray tracing and DLSS. Notably, 12 of the top 15 competitive shooters now use NVIDIA Reflex technology. The rapid adoption of these technologies is transforming gaming and creative applications, with support from major titles and engines like Unreal and Unity. Key highlights include the support for DLSS, which can double performance while maintaining image quality, and extensive collaboration with game developers to optimize performance.

NVIDIA reported a record revenue of $5.66 billion for Q1 FY22, marking an 84% increase year-over-year and a 13% increase quarter-over-quarter. Notable segments include Gaming revenue of $2.76 billion (+106% YoY) and Data Center revenue reaching $2.05 billion (+79% YoY). Earnings per diluted share were a record $3.03, up 106% year-over-year. NVIDIA anticipates Q2 FY22 revenue of approximately $6.30 billion. The company also declared a stock split, subject to shareholder approval, and paid cash dividends totaling $99 million.

NVIDIA announced a four-for-one stock split as a stock dividend, aimed at enhancing accessibility for investors and employees. This move requires stockholder approval at the upcoming 2021 Annual Meeting on June 3, 2021, to increase authorized shares to 4 billion. If approved, eligible stockholders on record by June 21, 2021, will receive three additional shares for each share held, distributed after market close on July 19, 2021, with trading adjusted from July 20, 2021.

NVIDIA has launched new GeForce RTX laptops starting at $799, making real-time ray tracing and AI-based DLSS accessible to millions of gamers and creators. These laptops, featuring the new RTX 3050 Ti and 3050 GPUs, provide double the performance compared to previous generations and support smooth gaming at 1080p. Additionally, NVIDIA DLSS enhances performance further, and new AI features in NVIDIA Broadcast improve video conferencing. The laptops are available from major manufacturers, continuing NVIDIA's trend of innovation in the GPU market.

NVIDIA is set to host a conference call on May 26, 2021, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2022, which ended on May 2, 2021.

The call will be available via live webcast on nvidia.com, following prepared remarks from the CFO and a Q&A session. Written commentary on the results will be released shortly after the results announcement at approximately 1:20 p.m. PT and will be accessible at investor.nvidia.com.

NVIDIA announced record-setting performance by its AI inference platform, featuring the new A30 and A10 GPUs, across all categories of MLPerf, the industry benchmark for AI performance. These GPUs offer high performance with low power consumption, targeting mainstream server applications. Major OEMs like Cisco and Dell Technologies are expected to integrate these GPUs into their servers starting this summer. NVIDIA's submissions showcased the versatility of its technology, including advancements in Multi-Instance GPU capabilities.

NVIDIA has announced strong first-quarter 2022 revenue, anticipating figures above its previous outlook of $5.30 billion. The company cites robust performance across all market platforms, particularly within the Data Center segment, where demand is heightened due to AI adoption. NVIDIA expects to see significant growth from its EGX platform in enterprise and edge computing. Additionally, the revenue estimate for the CMP product targeting cryptocurrency mining has been raised to $150 million, reflecting increased demand amid supply constraints.