NVIDIA GTC News to Be Shared on March 24, Followed by Investor Call 4:30 PM ET 3/9/20 | GlobeNewswire
NVIDIA GTC News to Be Shared on March 24, Followed by Investor Call
SANTA CLARA, Calif., March 09, 2020 (GLOBE NEWSWIRE) -- NVIDIA today announced that, in light of the spread of the coronavirus, it is deferring plans to deliver a webcast keynote as part of the digital version of its GPU Technology Conference later this month.
The company will, instead, issue on Tuesday, March 24, news announcements that had been scheduled to be shared in the keynote. This will be followed by an investor call with NVIDIA founder and Chief Executive Officer Jensen Huang, which will be accessible to other listeners.
The call will begin at 8am Pacific time and will be accessible at investor.nvidia.com.
NVIDIA had initially planned to host its 11th annual GTC on March 22-26 at the San Jose Convention Center, with an anticipated audience of 10,000. Amid the worsening coronavirus situation, the company said earlier this month that it was shifting much of the conference to its digital platform.
The company believes that continuing public health uncertainties would challenge its ability to produce and deliver a digital keynote.
Other components of GTC Digital will still take place, including live webinars, recorded talks and panels, research posters, trainings, and Connect with Experts sessions available starting Wednesday, March 25. More details will be provided in the coming days.
About NVIDIA
NVIDIA's (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI -- the next era of computing -- with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.
For further information, contact:
Simona Jankowski Robert Sherbin
Investor Relations Corporate Communications
NVIDIA Corporation NVIDIA Corporation
sjankowski@nvidia.com rsherbin@nvidia.com
(c) 2020 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries.
> Dow Jones Newswires
March 09, 2020 16:30 ET (20:30 GMT)
L
By buying ARM, NVDA would no longer pay licensing fees for its own ARM-based CPUs, and could generate a stream of higher-margin licensing revenue from other chipmakers and design new Arm-based chips internally, which could work alongside its high-end GPUs for data centers! Deal expected to close on March, 2022!
J
Investors who think of NVIDIA Corp (NASDAQ:NVDA) as a chip stock are missing the point, Ritholtz Wealth Management CEO Josh Brown said Thursday on CNBC's "Fast Money Halftime Report."
Nvidia is a platform company, Brown said: "They own the programming language that is going to power the AI revolution."
Many of the companies in the Fortune 500 are going to spend the next decade automating as many processes as possible, Brown said. Nvidia is going to be the company that enables these companies to do so, he added.
Brown owns the stock and doesn't have any plans to sell it anytime soon.
J
HUNTSVILLE, Ala., Oct. 15, 2020 /PRNewswire/ -- Abaco Systems today announced that it has won orders from a major European technology company that will see Abaco's range of innovative hardware platforms deployed at the heart of a new helicopter cabin computer...
The requirement was to replace the existing cabin computer, which was based on Abaco's DAQMAG2A high performance rugged display computer which had ceased production, onboard a twin-engined helicopter designed to be suitable for long range operations.
The challenge was to develop flight deck systems to make the pilot's job as easy as possible by reducing workload, delivering intuitively actionable information based on data acquired from a broad range of sensors, and enhancing situational awareness.
Working with a channel partner, an evolution of the DAQMAG2A-based system was proposed. The new cabin computer would use Abaco's SBC329 3U VPX single board computer and NVP2102 XMC graphics output and video capture board, plus other modules designed by the channel partner...
The NVP2102 is a chip-down XMC graphics output and video capture board based on the NVIDIA® Pascal™ (GP107) Quadro® P2000 GPU. The NVP2102 offers very high performance graphics and GPGPU capability – up to 2.3 TFLOPS floating-point - with CUDA™ and OpenCL™ support...
“Shares of Nvidia (NVDA) are on the rise on Thursday after Wells Fargo analyst Aaron Rakers raised his price target on the stock to $320. The analyst expects the company to officially launch the general availability of Omniverse Enterprise next week at GTC 2021. The analyst told investors that he believes Nvidia Omniverse Enterprise represents a "significant" platform expansion strategy for the company, which also entails a deepening recurring software story.
'SIGNIFICANT' METAVERSE EXPANSION STRATEGY: Wells Fargo analyst Aaron Rakers raised the firm's price target on Nvidia to $320 from $245, while keeping an Overweight rating on the shares. The analyst notes Nvidia is expected to officially launch the general availability of Omniverse Enterprise next week at GTC 2021. He expects this to be one of the key highlights and sees Nvidia Omniverse as a key enabler/platform for the development of the Metaverse across a wide range of vertical apps, including industrial, manufacturing, design and engineering, autonomous vehicles/robotics, and more. Nvidia Omniverse Enterprise represents a "significant" platform expansion strategy for the company, which also entails a deepening recurring software story, Rakers contended, adding that the Omniverse Enterprise also presents a halo effect to the company's product portfolio.
The analyst noted that Omniverse is an open virtual platform that allows creators to collaborate in real-time physically accurate simulations/3D renderings. Nvidia more succinctly described it as a "platform for connecting 3D worlds in a shared virtual universe." The key technology powering Omniverse is Nucleus - a database engine that allows client applications to share and modify 3D assets and scene descriptions. Nucleus is based on Pixar's open Universal Scene Description technology, which provides a common language for defining digital assets. Rakers pointed out that Nvidia released an open beta of Omniverse in December 2020, and announced coming general availability of Omniverse Enterprise in April 2021. Omniverse Enterprise subscription starts at $9,000 per year for a workgroup of two creators, 10 reviewers, and 4 Nucleus subscriptions.”
A
Stock split to take effect on July 20 to shareholders on record on Jun 21
NVIDIA Announces Four-for-One Stock Split, Pending Stockholder Approval at Annual Meeting Set for June 3
SANTA CLARA, Calif. ? May 21, 2021 ? NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA?s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees. The stock dividend is conditioned on obtaining stockholder approval at the company?s 2021 Annual Meeting of Stockholders ? to be held virtually on Thursday, June 3, at 11 a.m. PT ? to increase the number of authorized shares of common stock to 4 billion shares. If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20. NVIDIA's 2021 Annual Meeting of Stockholders will take place virtually at www.virtualshareholdermeeting.com/NVIDIA2021.
B
Nvidia stock price target raised to $355 from $330 at Susquehanna MARKETWATCH – 6:03 AM ET 05/04/2020
Analysts are like film critics. Most of them have majored in English or journalism and learn the basic tenets of writing. Then they learn there’s a particular nuance involved in their craft and work at mastering that. Hardly any of them follows a criteria To base their conclusions on. It’s all about style and form- hardly any content. Financial analysts, too, resort to sensational writing and exotic phrases. The vast majority of the reports I’ve read have turned out to be wrong. The guy who just downgraded nvda downgraded Amd at $18 a share. In his nvda report he states that the company will likely have two outstanding earning reports, with the stock price appreciating, and then it’ll dissipate. How can you downgrade and then say they’ll have two great quarters coming up? In both cases, film critics and financial analysts, there are very few good ones around.
H
Another acquisition from Nvidia. Woo-Hoo! Oski Technology, an Expert in Formal Verification, Joins NVIDIA.
“We are excited to announce that Oski Technology, a company specializing in formal verification methods, will be joining NVIDIA.
Modern processors pack tens of billions of transistors, tiny on/off switches connected by billions of microscopic pathways. A bug in a single transistor can prevent a chip from operating correctly, requiring costly revisions to fix.
Today, verification engineers rely on two very different methods to make sure bugs don’t make it into silicon — simulation and formal verification.
The first approach relies on millions of simulations that search for bugs, exercising corner cases in carefully designed tests.
Formal verification, Oski’s specialty, is a powerful alternative that uses mathematical analysis of a design instead of simulations to prove that a particular feature behaves correctly for all possible inputs.
Whereas simulation injects 1’s and 0’s into a design to test whether numbers are added properly, Oski’s approach formally verifies that “c = a + b.””
Lisa Su at AMD and Jensen Huang at $NVDA offer investors some the best corporate leadership I've seen in decades of active trading and investing. The future will be defined by the innovations at AMD and Nvidia. Buy and hold positions in both companies.
M
Nvidia easily beats earnings expectations on strong gaming and data center sales
NVDA -3.12% Daniel Howley Daniel Howley·Technology Editor Wed, November 17, 2021, 1:24 PM In this article:
NVDA -3.12%
Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts' predictions on the top and bottom line.
Here are the most important numbers from the report compared to what Wall Street was expecting from the company, as compiled by Bloomberg.
Revenue: $7.1 billion versus $6.81 billion expected.
Earnings per share: $1.17 versus $1.11 expected.
Gaming revenue: $3.22 billion versus $3.18 billion expected.
Data Center revenue: $2.94 billion versus $2.69 billion expected.
The company's stock was up more than 3% following the report.
To say Nvidia has had an incredible run in 2021 would be an understatement. The company’s stock is up 125% year-to-date, and it’s fresh off of debuting new hardware and software related to its metaverse platform, called Omniverse, its self-driving vehicle initiatives, and its artificial intelligence work.
But Nvidia, like other chipmakers, has also been stung by the chip shortage. The company’s consumer graphics cards are incredibly scarce thanks to a run on them by both cryptominers and resellers using bots to grab as many cards as possible.
As a result, cards are selling for hundreds of dollars above their manufacturer’s suggested retail price. Cards that should cost $599 are going for well north of $1,000, and finding any near their original prices is a pointless endeavor.
Nvidia still makes the majority of its cash on its games business, but the company’s data center arm has become increasingly important to the company’s future. The firm is a leader in large-scale artificial intelligence systems thanks to the power of its cards’ parallel processing, and it’s going to roll out its own CPU to ensure its data centers don’t have to use its competitors’ processors.
But not everything is going well for Nvidia. The company’s $40-billion plan to purchase chip designer ARM has hit a regulatory wall in the U.K. where it’s undergoing an in-depth review. It also needs to get through regulators in both the U.S. and China, before it’s finalized. If it ever gets approved.
Nvidia CEO Jensen Huang, told Yahoo Finance Live, however, that the company is prepared to move forward with or without ARM. And that it will continue to be successful regardless.
“We would go forward very nicely as we’re going forward today,” Huang said. “So we support all CPUs. We love the flourishing of CPUs and the reason for that is because the CPU is the first chip in the system. It boots the operating system. And wherever there are CPUs there are opportunities for accelerated computing.”
Y
Hold it for another three months or longer. That is the way to invest NVIDIA. This is not a stock for daily trading.
C
so far this morning: Nvidia price target raised to $775 from $700 at KeyBanc, Overweight Nvidia upgraded to Buy from Hold with a price target of $750 (from $550) at Craig-Hallum Nvidia price target raised to $750 from $700 at BofA, BUY Nvidia price target raised to $750 from $680 at BMO, Outperform Nvidia price target raised to $740 from $680 at Jefferies, BUY Nvidia price target raised to $735 from $670 at UBS, BUY Nvidia price target raised to $710 from $675 at Mizuho, BUY
b
Wedbush raises Nvidia's target from $311 to $340 and Outperform > Bryson sees the event as a potential positive catalyst, expecting Nvidia to announce the new Ampere graphics architecture. > The analyst views the May 21 earnings report as another potential catalyst, predicting an upside Q1 and improved guidance on gaming and data center strength.
D
FYI Julia Boorstin, CNBC Sr. Media & Tech Reporter, on investing in the building blocks of what will be the future Metaverse this morning . . . "Perhaps the easiest way to invest is in the chips that will power the Metaverse. Bernstein (https://www.bernstein.com/) points to the potential for $NVDA, the world's largest graphics and AI chips maker and $QCOM with its Snapdragon XR platform that connects virtual and physical spaces. Bernstein does have an outperform rating on both of those stocks."
F
I've about had-it with these CNBC analysts. They rave about Shake Shack & Papas Johns - Pizza and Hamburger stocks - but when it comes to NVDA - a world-changing company and stock - they crawl into a whole and complain about being "priced to perfection". Clearly they understand hamburgers and pizzas but have no clue about the many facets that drive NVDA. Thankfully, the market does!
M
Should you buy Nvidia stock? Here are the key numbers to look at now Mentioned: AMD AVGO INTC NVDA QCOM By Philip van Doorn
Nvidia topped $5 billion in quarterly sales for the first time in the last quarter.
Nvidia Corp. is a well-known company to technology enthusiasts and investors alike. If you are considering buying the stock -- or already own it -- this quarterly review of the key metrics can help you with your own research and decisions about the company as an investment.
These updates will also include comparisons of results to other major players in the semiconductor space. Keep in mind that no two companies are alike -- even rivals don't compete in every segment. Any investor needs to do their own research to make informed long-term decisions.
Where Nvidia fits in
Nvidia (NVDA) is the predominant designer of graphics processing units (GPUs), which are the critical components of graphics cards used for high-end PC gaming and other graphically intense applications. Its main competitor for GPUs is Advanced Micro Devices Inc. (AMD), although Intel Corp. (INTC) is working on new products to compete in the space.
The actual manufacturing of Nvidia's GPUs is handled by Taiwan Semiconductor Co. Ltd. (2330.TW).
Nvidia has also been rapidly increasing its sales of CPUs for data-center processing and making moves to become more competitive in artificial intelligence-related (AI) areas as it waits for regulatory approval of its acquisition of Arm Holdings PLC. Jeremy Owens explains this complicated competition scenario
M
not a bad summary before the ER/CC..."Nvidia (NVDA) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, November 18, with a conference call scheduled for 5:00 pm ET. What to watch for:
1. OUTLOOK: During the company's last earnings call, Nvidia said it sees third quarter revenue of $4.4B, plus or minus 2%, and third quarter adjusted gross margins of 65.5%, plus or minus 50 basis points. The company also said it expects gaming to be up 25% in the third quarter and expects operating expenses of $1.54B for the quarter.
2. 'STRONG' QUARTERLY RESULTS EXPECTED: Truist analyst William Stein kept his Buy rating and $623 price target on Nvidia ahead of its earnings, saying the company should post a "strong" set of third quarter results and fourth quarter outlook, and also offer "strengthening" forecast for 2021 on the company's datacenter business. Stein added that the recent public and proprietary data points suggest "upward pressure" to Nvidia's earnings estimates for near, medium- and long-term, with the company retaining its leadership position in parallel compute for server acceleration and AI applications.
3. ARM ACQUISITION: Back in September, Nvidia and SoftBank (SFTBY) announced a definitive agreement under which Nvidia will acquire Arm Limited from SoftBank and the SoftBank Vision Fund in a transaction valued at $40B. The transaction is expected to be immediately accretive to Nvidia's non-GAAP gross margin and non-GAAP earnings per share. SoftBank will remain committed to Arm's long-term success through its ownership stake in Nvidia, expected to be under 10%, the companies said. Under the terms of the transaction, which has been approved by the boards of directors of Nvidia, SoftBank and Arm, Nvidia will pay to SoftBank a total of $21.5B in Nvidia common stock and $12B in cash, which includes $2B payable at signing. The number of Nvidia shares to be issued at closing is 44.3M, determined using the average closing price of Nvidia common stock for the last 30 trading days.
Additionally, SoftBank may receive up to $5B in cash or common stock under an earn-out construct, subject to satisfaction of specific financial performance targets by Arm. Nvidia will also issue $1.5B in equity to Arm employees. Nvidia intends to finance the cash portion of the transaction with balance sheet cash. The transaction does not include Arm's IoT Services Group.
4. PARTNERSHIPS: On September 22, Li Auto (LI) announced a three-way strategic cooperation with Nvidia and Nvidia's Chinese partner, Huizhou Desay SV. Through this strategic cooperation, Li Auto will be the first OEM equipping its vehicles, the full-size extended-range premium smart SUV to be launched in 2022, with the Nvidia Orin SoC chipset. The Nvidia Orin SoC was released in 2019 and is scheduled to be in production in 2022. Orin uses a 7-nanometer production process to achieve a computing power of 200 TOPS, seven times that of the previous generation, the Xavier SoC. Even with the improvement in computing performance, Orin's baseline power consumption is 45 watts.
Earlier this month, Nvidia and Hyundai Motor (HYMTF) announced that the automaker's entire lineup of Hyundai, Kia and Genesis models will come standard with NVIDIA DRIVE in-vehicle infotainment systems starting in 2022."
'
NVDA is currently 4.13% below it’s all time high and my response to this pullback is below. …. 'TIMOTHY2 days ago $NVDA conversation 09/13/2021
Buy 500 Shares of NVDA at Market (Day) Filled at $219.5847 $109,792.35
…. I will assess any pullback greater than 5% on seasonal negativity and add to my position.
Volatility can be a good thing!
R
Are we closer to the bottom or the top? The bottom IMHO, I've bought 4 times under 215 and picked up some at 210 the other day. The financials of NVDA tell the story, I see a 1 trillion dollar company in the next 12 months with the stock price back up at the high range and busting out later in the year. What's not to like? Multiples are high but the growth is fast exceeding it. With over 50 billion in the bank I'm not worried about high interest rates with this company, cash will exceed 75 billion, what do you do with all that cash? Buy back? Increase dividends, organically grow your own ARMS company? I like all the options including buying other great companies to add to growth and space in the Meta platform. Meta is exploding, I'm seeing that all across the board now with everyone wanting to get on the bandwagon. Look at employment opportunities, the all want in and need NVDA to do it. Cheers
4:30 PM ET 3/9/20 | GlobeNewswire
NVIDIA GTC News to Be Shared on March 24, Followed by Investor Call
SANTA CLARA, Calif., March 09, 2020 (GLOBE NEWSWIRE) -- NVIDIA today announced that, in light of the spread of the coronavirus, it is deferring plans to deliver a webcast keynote as part of the digital version of its GPU Technology Conference later this month.
The company will, instead, issue on Tuesday, March 24, news announcements that had been scheduled to be shared in the keynote. This will be followed by an investor call with NVIDIA founder and Chief Executive Officer Jensen Huang, which will be accessible to other listeners.
The call will begin at 8am Pacific time and will be accessible at investor.nvidia.com.
NVIDIA had initially planned to host its 11th annual GTC on March 22-26 at the San Jose Convention Center, with an anticipated audience of 10,000. Amid the worsening coronavirus situation, the company said earlier this month that it was shifting much of the conference to its digital platform.
The company believes that continuing public health uncertainties would challenge its ability to produce and deliver a digital keynote.
Other components of GTC Digital will still take place, including live webinars, recorded talks and panels, research posters, trainings, and Connect with Experts sessions available starting Wednesday, March 25. More details will be provided in the coming days.
About NVIDIA
NVIDIA's (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI -- the next era of computing -- with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.
For further information, contact:
Simona Jankowski Robert Sherbin
Investor Relations Corporate Communications
NVIDIA Corporation NVIDIA Corporation
sjankowski@nvidia.com rsherbin@nvidia.com
(c) 2020 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries.
> Dow Jones Newswires
March 09, 2020 16:30 ET (20:30 GMT)
Nvidia is a platform company, Brown said: "They own the programming language that is going to power the AI revolution."
Many of the companies in the Fortune 500 are going to spend the next decade automating as many processes as possible, Brown said. Nvidia is going to be the company that enables these companies to do so, he added.
Brown owns the stock and doesn't have any plans to sell it anytime soon.
The requirement was to replace the existing cabin computer, which was based on Abaco's DAQMAG2A high performance rugged display computer which had ceased production, onboard a twin-engined helicopter designed to be suitable for long range operations.
The challenge was to develop flight deck systems to make the pilot's job as easy as possible by reducing workload, delivering intuitively actionable information based on data acquired from a broad range of sensors, and enhancing situational awareness.
Working with a channel partner, an evolution of the DAQMAG2A-based system was proposed. The new cabin computer would use Abaco's SBC329 3U VPX single board computer and NVP2102 XMC graphics output and video capture board, plus other modules designed by the channel partner...
The NVP2102 is a chip-down XMC graphics output and video capture board based on the NVIDIA® Pascal™ (GP107) Quadro® P2000 GPU. The NVP2102 offers very high performance graphics and GPGPU capability – up to 2.3 TFLOPS floating-point - with CUDA™ and OpenCL™ support...
https://www.prnewswire.com/news-releases/abaco-announces-significant-win-from-major-european-technology-company-to-help-equip-helicopter-cabin-computer-301152973.html
“Shares of Nvidia (NVDA) are on the rise on Thursday after Wells Fargo analyst Aaron Rakers raised his price target on the stock to $320. The analyst expects the company to officially launch the general availability of Omniverse Enterprise next week at GTC 2021. The analyst told investors that he believes Nvidia Omniverse Enterprise represents a "significant" platform expansion strategy for the company, which also entails a deepening recurring software story.
'SIGNIFICANT' METAVERSE EXPANSION STRATEGY: Wells Fargo analyst Aaron Rakers raised the firm's price target on Nvidia to $320 from $245, while keeping an Overweight rating on the shares. The analyst notes Nvidia is expected to officially launch the general availability of Omniverse Enterprise next week at GTC 2021. He expects this to be one of the key highlights and sees Nvidia Omniverse as a key enabler/platform for the development of the Metaverse across a wide range of vertical apps, including industrial, manufacturing, design and engineering, autonomous vehicles/robotics, and more. Nvidia Omniverse Enterprise represents a "significant" platform expansion strategy for the company, which also entails a deepening recurring software story, Rakers contended, adding that the Omniverse Enterprise also presents a halo effect to the company's product portfolio.
The analyst noted that Omniverse is an open virtual platform that allows creators to collaborate in real-time physically accurate simulations/3D renderings. Nvidia more succinctly described it as a "platform for connecting 3D worlds in a shared virtual universe." The key technology powering Omniverse is Nucleus - a database engine that allows client applications to share and modify 3D assets and scene descriptions. Nucleus is based on Pixar's open Universal Scene Description technology, which provides a common language for defining digital assets. Rakers pointed out that Nvidia released an open beta of Omniverse in December 2020, and announced coming general availability of Omniverse Enterprise in April 2021. Omniverse Enterprise subscription starts at $9,000 per year for a workgroup of two creators, 10 reviewers, and 4 Nucleus subscriptions.”
NVIDIA Announces Four-for-One Stock Split,
Pending Stockholder Approval at Annual Meeting Set for June 3
SANTA CLARA, Calif. ? May 21, 2021 ? NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA?s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.
The stock dividend is conditioned on obtaining stockholder approval at the company?s 2021 Annual Meeting of Stockholders ? to be held virtually on Thursday, June 3, at 11 a.m. PT ? to increase the number of authorized shares of common stock to 4 billion shares.
If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.
NVIDIA's 2021 Annual Meeting of Stockholders will take place virtually at www.virtualshareholdermeeting.com/NVIDIA2021.
MARKETWATCH – 6:03 AM ET 05/04/2020
Source: https://snapshot.fidelity.com/fidresearch/snapshot/landing.jhtml#/news?symbol=NVDA\
The vast majority of the reports I’ve read have turned out to be wrong. The guy who just downgraded nvda downgraded Amd at $18
a share. In his nvda report he states that the company will likely have two outstanding earning reports, with the stock price appreciating, and then it’ll dissipate. How can you downgrade and then say they’ll have two great quarters coming up?
In both cases, film critics and financial analysts, there are very few good ones around.
“We are excited to announce that Oski Technology, a company specializing in formal verification methods, will be joining NVIDIA.
Modern processors pack tens of billions of transistors, tiny on/off switches connected by billions of microscopic pathways. A bug in a single transistor can prevent a chip from operating correctly, requiring costly revisions to fix.
Today, verification engineers rely on two very different methods to make sure bugs don’t make it into silicon — simulation and formal verification.
The first approach relies on millions of simulations that search for bugs, exercising corner cases in carefully designed tests.
Formal verification, Oski’s specialty, is a powerful alternative that uses mathematical analysis of a design instead of simulations to prove that a particular feature behaves correctly for all possible inputs.
Whereas simulation injects 1’s and 0’s into a design to test whether numbers are added properly, Oski’s approach formally verifies that “c = a + b.””
- blogs.nvidia
NVDA
-3.12%
Daniel Howley
Daniel Howley·Technology Editor
Wed, November 17, 2021, 1:24 PM
In this article:
NVDA
-3.12%
Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts' predictions on the top and bottom line.
Here are the most important numbers from the report compared to what Wall Street was expecting from the company, as compiled by Bloomberg.
Revenue: $7.1 billion versus $6.81 billion expected.
Earnings per share: $1.17 versus $1.11 expected.
Gaming revenue: $3.22 billion versus $3.18 billion expected.
Data Center revenue: $2.94 billion versus $2.69 billion expected.
The company's stock was up more than 3% following the report.
To say Nvidia has had an incredible run in 2021 would be an understatement. The company’s stock is up 125% year-to-date, and it’s fresh off of debuting new hardware and software related to its metaverse platform, called Omniverse, its self-driving vehicle initiatives, and its artificial intelligence work.
But Nvidia, like other chipmakers, has also been stung by the chip shortage. The company’s consumer graphics cards are incredibly scarce thanks to a run on them by both cryptominers and resellers using bots to grab as many cards as possible.
As a result, cards are selling for hundreds of dollars above their manufacturer’s suggested retail price. Cards that should cost $599 are going for well north of $1,000, and finding any near their original prices is a pointless endeavor.
Nvidia still makes the majority of its cash on its games business, but the company’s data center arm has become increasingly important to the company’s future. The firm is a leader in large-scale artificial intelligence systems thanks to the power of its cards’ parallel processing, and it’s going to roll out its own CPU to ensure its data centers don’t have to use its competitors’ processors.
But not everything is going well for Nvidia. The company’s $40-billion plan to purchase chip designer ARM has hit a regulatory wall in the U.K. where it’s undergoing an in-depth review. It also needs to get through regulators in both the U.S. and China, before it’s finalized. If it ever gets approved.
Nvidia CEO Jensen Huang, told Yahoo Finance Live, however, that the company is prepared to move forward with or without ARM. And that it will continue to be successful regardless.
“We would go forward very nicely as we’re going forward today,” Huang said. “So we support all CPUs. We love the flourishing of CPUs and the reason for that is because the CPU is the first chip in the system. It boots the operating system. And wherever there are CPUs there are opportunities for accelerated computing.”
Nvidia price target raised to $775 from $700 at KeyBanc, Overweight
Nvidia upgraded to Buy from Hold with a price target of $750 (from $550) at Craig-Hallum
Nvidia price target raised to $750 from $700 at BofA, BUY
Nvidia price target raised to $750 from $680 at BMO, Outperform
Nvidia price target raised to $740 from $680 at Jefferies, BUY
Nvidia price target raised to $735 from $670 at UBS, BUY
Nvidia price target raised to $710 from $675 at Mizuho, BUY
> Bryson sees the event as a potential positive catalyst, expecting Nvidia to announce the new Ampere graphics architecture.
> The analyst views the May 21 earnings report as another potential catalyst, predicting an upside Q1 and improved guidance on gaming and data center strength.
Mentioned:
AMD AVGO INTC NVDA QCOM
By Philip van Doorn
Nvidia topped $5 billion in quarterly sales for the first time in the last quarter.
Nvidia Corp. is a well-known company to technology enthusiasts and investors alike. If you are considering buying the stock -- or already own it -- this quarterly review of the key metrics can help you with your own research and decisions about the company as an investment.
These updates will also include comparisons of results to other major players in the semiconductor space. Keep in mind that no two companies are alike -- even rivals don't compete in every segment. Any investor needs to do their own research to make informed long-term decisions.
Where Nvidia fits in
Nvidia (NVDA) is the predominant designer of graphics processing units (GPUs), which are the critical components of graphics cards used for high-end PC gaming and other graphically intense applications. Its main competitor for GPUs is Advanced Micro Devices Inc. (AMD), although Intel Corp. (INTC) is working on new products to compete in the space.
The actual manufacturing of Nvidia's GPUs is handled by Taiwan Semiconductor Co. Ltd. (2330.TW).
Nvidia has also been rapidly increasing its sales of CPUs for data-center processing and making moves to become more competitive in artificial intelligence-related (AI) areas as it waits for regulatory approval of its acquisition of Arm Holdings PLC. Jeremy Owens explains this complicated competition scenario
1. OUTLOOK: During the company's last earnings call, Nvidia said it sees third quarter revenue of $4.4B, plus or minus 2%, and third quarter adjusted gross margins of 65.5%, plus or minus 50 basis points. The company also said it expects gaming to be up 25% in the third quarter and expects operating expenses of $1.54B for the quarter.
2. 'STRONG' QUARTERLY RESULTS EXPECTED: Truist analyst William Stein kept his Buy rating and $623 price target on Nvidia ahead of its earnings, saying the company should post a "strong" set of third quarter results and fourth quarter outlook, and also offer "strengthening" forecast for 2021 on the company's datacenter business. Stein added that the recent public and proprietary data points suggest "upward pressure" to Nvidia's earnings estimates for near, medium- and long-term, with the company retaining its leadership position in parallel compute for server acceleration and AI applications.
3. ARM ACQUISITION: Back in September, Nvidia and SoftBank (SFTBY) announced a definitive agreement under which Nvidia will acquire Arm Limited from SoftBank and the SoftBank Vision Fund in a transaction valued at $40B. The transaction is expected to be immediately accretive to Nvidia's non-GAAP gross margin and non-GAAP earnings per share. SoftBank will remain committed to Arm's long-term success through its ownership stake in Nvidia, expected to be under 10%, the companies said. Under the terms of the transaction, which has been approved by the boards of directors of Nvidia, SoftBank and Arm, Nvidia will pay to SoftBank a total of $21.5B in Nvidia common stock and $12B in cash, which includes $2B payable at signing. The number of Nvidia shares to be issued at closing is 44.3M, determined using the average closing price of Nvidia common stock for the last 30 trading days.
Additionally, SoftBank may receive up to $5B in cash or common stock under an earn-out construct, subject to satisfaction of specific financial performance targets by Arm. Nvidia will also issue $1.5B in equity to Arm employees. Nvidia intends to finance the cash portion of the transaction with balance sheet cash. The transaction does not include Arm's IoT Services Group.
4. PARTNERSHIPS: On September 22, Li Auto (LI) announced a three-way strategic cooperation with Nvidia and Nvidia's Chinese partner, Huizhou Desay SV. Through this strategic cooperation, Li Auto will be the first OEM equipping its vehicles, the full-size extended-range premium smart SUV to be launched in 2022, with the Nvidia Orin SoC chipset. The Nvidia Orin SoC was released in 2019 and is scheduled to be in production in 2022. Orin uses a 7-nanometer production process to achieve a computing power of 200 TOPS, seven times that of the previous generation, the Xavier SoC. Even with the improvement in computing performance, Orin's baseline power consumption is 45 watts.
Earlier this month, Nvidia and Hyundai Motor (HYMTF) announced that the automaker's entire lineup of Hyundai, Kia and Genesis models will come standard with NVIDIA DRIVE in-vehicle infotainment systems starting in 2022."
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'TIMOTHY2 days ago
$NVDA conversation
09/13/2021
Buy 500 Shares of NVDA at Market (Day) Filled at $219.5847
$109,792.35
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I will assess any pullback greater than 5% on seasonal negativity and add to my position.
Volatility can be a good thing!
What's not to like? Multiples are high but the growth is fast exceeding it. With over 50 billion in the bank I'm not worried about high interest rates with this company, cash will exceed 75 billion, what do you do with all that cash? Buy back? Increase dividends, organically grow your own ARMS company? I like all the options including buying other great companies to add to growth and space in the Meta platform.
Meta is exploding, I'm seeing that all across the board now with everyone wanting to get on the bandwagon.
Look at employment opportunities, the all want in and need NVDA to do it.
Cheers