Welcome to our dedicated page for Nvidia Corporation news (Ticker: NVDA), a resource for investors and traders seeking the latest updates and insights on Nvidia Corporation 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 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.
NVIDIA accelerates quantum computing research at supercomputing centers in Germany, Japan, and Poland with the open-source CUDA-Q platform. Supercomputers in these countries will integrate QPUs to advance quantum computing, with specific applications in AI, energy, biology, chemistry, and machine learning. The collaboration with IQM Quantum Computers, QuEra, and ORCA Computing allows for innovative quantum-classical hybrid systems that enhance scientific discovery and push the boundaries of quantum-integrated supercomputing.
NVIDIA has scheduled a conference call for May 22 to discuss its first-quarter financial results of fiscal year 2025. The CFO's commentary will be provided in writing ahead of the call. The call will be webcast live on investor.nvidia.com, followed by a Q&A session to financial analysts and institutional investors.
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