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 announced at COMPUTEX 2024 that leading robotics companies such as BYD Electronics, Siemens, Teradyne Robotics, and Intrinsic, an Alphabet company, are adopting its Isaac robotics platform for AI-enabled autonomous machines. The Isaac platform offers various NVIDIA-accelerated libraries, AI models, and simulation technologies, aiding in the development of robotic arms, humanoids, and mobile robots. Companies like Siemens are using Isaac Sim for testing and developing AI-driven industrial robots, while BYD Electronics is creating autonomous mobile robots for logistics. Intrinsic has successfully tested Isaac Manipulator in its platform. These integrations aim to enhance efficiency, safety, and automation in factories and warehouses, potentially reducing production costs and improving human-robot collaboration.
NVIDIA announced that leading Taiwanese electronics manufacturers, including Delta Electronics, Foxconn, Pegatron, and Wistron, are now using NVIDIA's AI and Omniverse technologies to create more autonomous factories. These technologies integrate NVIDIA Metropolis vision AI, Omniverse's 3D simulation, and Isaac AI robotics, allowing for the creation of digital twins of factories. These digital twins help optimize space, processes, and efficiency without costly physical changes. Foxconn showcased how it uses these tools to enhance operational flow and worker safety. Delta Electronics, Pegatron, and Wistron also highlighted significant improvements in efficiency and safety. The technologies enable real-time simulations, helping manufacturers reduce costs and improve productivity.
NVIDIA announced new RTX technology to power AI assistants and digital humans on GeForce RTX AI laptops.
Project G-Assist, demonstrated with ARK: Survival Ascended, offers context-aware in-game help.
NVIDIA ACE NIM microservices for digital humans and RTX AI Toolkit for model optimization on PCs were also introduced.
New RTX AI PCs from ASUS and MSI with GeForce RTX 4070 GPUs will include Windows 11 AI capabilities and a future Copilot+ update.
Collaboration with Microsoft will bring GPU-accelerated small language models to Windows Copilot Runtime.
NVIDIA's RTX AI Toolkit offers tools to optimize AI models for PCs, promising up to 4x faster performance.
Integrations with Adobe and other creative apps enhance AI capabilities for content creators.
RTX Remix Toolkit and RTX Video SDK advancements were also highlighted.
During COMPUTEX 2024, NVIDIA announced partnerships with top computer manufacturers like ASRock Rack, ASUS, GIGABYTE, and more to develop AI factories and data centers powered by NVIDIA’s Blackwell architecture and Grace CPUs.
These systems cater to cloud, on-premises, embedded, and edge AI applications with configurations ranging from single to multi-GPUs, x86, and Grace-based processors, and both air and liquid cooling solutions.
The MGX modular reference design platform now supports Blackwell products, reducing development costs by up to 75% and time by two-thirds. NVIDIA introduces the GB200 NVL2 platform, which boosts data processing by up to 18x compared to x86 CPUs, making it ideal for large language model inference and data analytics.
Key partners, including AMD, Intel, TSMC, Dell, and others, are contributing to this ecosystem, emphasizing efficient and high-performance AI solutions. Taiwan’s companies, such as Chang Gung Memorial Hospital and Foxconn, are adopting Blackwell for advanced AI applications.
NVIDIA announced widespread adoption of its Spectrum-X Ethernet networking platform at COMPUTEX in Taiwan. The platform, embraced by AI cloud service providers like CoreWeave and GMO Internet Group, enhances generative AI network performance by 1.6x over traditional Ethernet fabrics. Key partners such as ASRock Rack, ASUS, and Dell Technologies are incorporating Spectrum-based products into their offerings. NVIDIA plans to release new Spectrum-X products annually, featuring increased bandwidth, ports, and enhanced software features. The platform's key components include the NVIDIA Spectrum SN5600 Ethernet switch and BlueField-3 SuperNIC, offering high-performance networking for AI clouds with advanced routing and security features for optimal AI job management.
NVIDIA has launched NIM (NVIDIA Inference Microservices) at COMPUTEX, enabling 28 million developers to easily deploy generative AI applications. NIM allows for rapid deployment of models as optimized containers on various infrastructures, significantly enhancing developer productivity. Enterprises can leverage NIM to maximize their infrastructure, with companies like Meta, Hugging Face, and over 150 partners integrating NIM to accelerate AI deployments. The tool supports various applications, including text, image, video generation, and digital human avatars, with free access for NVIDIA Developer Program members starting next month. NIM's robust ecosystem includes integrations with AWS, Google Cloud, and Azure, helping enterprises across sectors like healthcare, retail, and manufacturing enhance their AI capabilities.
NVIDIA announced the general availability of NVIDIA ACE generative AI microservices, aimed at advancing digital human technology across customer service, gaming, and healthcare. Key technologies include Riva ASR, TTS, NMT, Nemotron LLM, Audio2Face, and Omniverse RTX. The platform now supports 100 million RTX AI PCs, with new tools like Audio2Gesture and Nemotron-3 4.5B SLM in early access. Companies like Dell Technologies, ServiceNow, Aww Inc., Inventec, and Perfect World Games are early adopters. NVIDIA's AI Inference Manager simplifies deployment, and various showcases were presented at COMPUTEX 2024.
NVIDIA has announced its participation in the BofA Securities Global Technology Conference on June 5, 2024, at 12:30 PM Pacific time.
The event will feature a live audio webcast of NVIDIA's financial presentations, accessible via the company's investor relations website.
Replays of the webcast will be available for a period of 90 days after the event.
NVIDIA announced its Q1 FY25 financial results, reporting a record quarterly revenue of $26.0 billion, an increase of 18% from Q4 and 262% year-over-year. Data Center revenue also reached a record $22.6 billion, up 23% from Q4 and 427% year-over-year. GAAP earnings per share were $5.98, up 21% from Q4 and 629% year-over-year, while non-GAAP earnings per share were $6.12, up 19% from Q4 and 461% year-over-year.
The company introduced a ten-for-one forward stock split effective June 7, 2024, and raised its quarterly cash dividend by 150% to $0.01 per share on a post-split basis. The revenue outlook for Q2 FY25 is projected at $28.0 billion, with gross margins expected to be around 74.8% GAAP and 75.5% non-GAAP.
Key drivers for the growth include strong demand for generative AI and the launch of new platforms such as Blackwell and Spectrum-X. NVIDIA also expanded partnerships with major cloud providers and automotive companies.
NVIDIA announced the deployment of nine new supercomputers worldwide using NVIDIA Grace Hopper Superchips, delivering 200 exaflops of energy-efficient AI processing power for scientific research. The systems include EXA1-HE in France, Helios in Poland, Alps in Switzerland, JUPITER in Germany, DeltaAI in the US, and Miyabi in Japan. These systems drive a shift towards AI-powered high-performance computing, accelerating research in various fields.
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