NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems. The Compute & Networking segment offers Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; and Jetson for robotics and other embedded platforms. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. NVIDIA has partnership with Google Cloud to create AI-on-5G Lab. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.
IPO Year: 1999
Exchange: NASDAQ
Website: nvidia.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/21/2024 | $145.00 → $160.00 | Overweight | Barclays |
11/21/2024 | $155.00 → $170.00 | Overweight | Analyst |
11/21/2024 | $150.00 → $165.00 | Buy | Goldman |
11/21/2024 | $165.00 → $185.00 | Overweight | Wells Fargo |
11/21/2024 | $167.00 → $169.00 | Buy | Truist |
11/21/2024 | $150.00 → $190.00 | Outperform | Robert W. Baird |
11/21/2024 | $170.00 → $190.00 | Buy | The Benchmark Company |
11/21/2024 | $189.00 → $190.00 | Outperform | Evercore ISI |
11/21/2024 | $165.00 → $175.00 | Buy | TD Cowen |
11/21/2024 | $145.00 → $160.00 | Buy | Needham |
10-Q - NVIDIA CORP (0001045810) (Filer)
8-K - NVIDIA CORP (0001045810) (Filer)
13F-HR - NVIDIA CORP (0001045810) (Filer)
8-K - NVIDIA CORP (0001045810) (Filer)
10-Q - NVIDIA CORP (0001045810) (Filer)
8-K - NVIDIA CORP (0001045810) (Filer)
13F-HR - NVIDIA CORP (0001045810) (Filer)
144 - NVIDIA CORP (0001045810) (Subject)
8-K - NVIDIA CORP (0001045810) (Filer)
144 - NVIDIA CORP (0001045810) (Subject)
Barclays reiterated coverage of NVIDIA with a rating of Overweight and set a new price target of $160.00 from $145.00 previously
Analyst reiterated coverage of NVIDIA with a rating of Overweight and set a new price target of $170.00 from $155.00 previously
Goldman reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $165.00 from $150.00 previously
Wells Fargo reiterated coverage of NVIDIA with a rating of Overweight and set a new price target of $185.00 from $165.00 previously
Robert W. Baird reiterated coverage of NVIDIA with a rating of Outperform and set a new price target of $190.00 from $150.00 previously
The Benchmark Company reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $190.00 from $170.00 previously
Truist reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $169.00 from $167.00 previously
Evercore ISI reiterated coverage of NVIDIA with a rating of Outperform and set a new price target of $190.00 from $189.00 previously
TD Cowen reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $175.00 from $165.00 previously
Needham reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $160.00 from $145.00 previously
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
SC 13G/A - NVIDIA CORP (0001045810) (Subject)
Record quarterly revenue of $35.1 billion, up 17% from Q2 and up 94% from a year agoRecord quarterly Data Center revenue of $30.8 billion, up 17% from Q2 and up 112% from a year ago SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the third quarter ended October 27, 2024, of $35.1 billion, up 17% from the previous quarter and up 94% from a year ago. For the quarter, GAAP earnings per diluted share was $0.78, up 16% from the previous quarter and up 111% from a year ago. Non-GAAP earnings per diluted share was $0.81, up 19% from the previous quarter and up 103% from a year ago. "The age of AI is in full steam, propelling a global
SANTA CLARA, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, November 20, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the third quarter of fiscal year 2025, which ended October 27, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its third-quarter results from its chief financial officer, Colette Kress. This material will be posted to investor.nvidia.com im
Record quarterly revenue of $30.0 billion, up 15% from Q1 and up 122% from a year ago Record quarterly Data Center revenue of $26.3 billion, up 16% from Q1 and up 154% from a year ago SANTA CLARA, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the second quarter ended July 28, 2024, of $30.0 billion, up 15% from the previous quarter and up 122% from a year ago. For the quarter, GAAP earnings per diluted share was $0.67, up 12% from the previous quarter and up 168% from a year ago. Non-GAAP earnings per diluted share was $0.68, up 11% from the previous quarter and up 152% from a year ago. "Hopper demand remains strong, and the anticipation for B
SANTA CLARA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, August 28, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2025, which ended July 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its second-quarter results from its chief financial officer, Colette Kress. This material will be posted to investor.nvidia.com immed
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, July 9, 2024 /PRNewswire/ -- USA News Group – The age of quantum computing is rapidly approaching, and it's coming faster than we think. Using the principles of quantum theory that explains the behavior of energy and material on the atomic and subatomic levels, quantum computing has the capability to sift through huge numbers of possibilities and extract solutions to complex problems and challenges. Now experts are discussing the interplay of quantum computing, cybersecurity, and AI together, as demonstrated at the recent Tech.eu Summit in London. While today's quantum computers are "extremely error-prone" and capable
Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year agoTen-for-one forward stock split effective June 7, 2024Quarterly cash dividend raised 150% to $0.01 per share on a post-split basis SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share wa
SANTA CLARA, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, May 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2025, which ended April 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's results ar
Record quarterly revenue of $22.1 billion, up 22% from Q3, up 265% from year ago Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3, up 409% from year agoRecord full-year revenue of $60.9 billion, up 126% SANTA CLARA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. For the quarter, GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago. For fisc
SANTA CLARA, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, February 21, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the fourth quarter and fiscal year 2024, which ended January 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its fourth-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's
Record revenue of $18.12 billion, up 34% from Q2, up 206% from year agoRecord Data Center revenue of $14.51 billion, up 41% from Q2, up 279% from year ago SANTA CLARA, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were $3.71, up more than 12x from a year ago and up 50% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter. "Our strong growth reflects the broad industry platform transition f
Company to Utilize Cutting-Edge Physics-Informed Neural Networks, Predicting Locations of Orbital Debris Collaboration with NVIDIA to Heighten Operational Speed and Efficiency to Ensure Safety and Operational Integrity of Space Assets Sierra Space, a leading commercial space company that is Building a Platform in Space to Benefit Life on Earth®, announced today a major advancement in space domain awareness. Leveraging the power of physics-informed neural networks (PINNs) and a collaboration with NVIDIA, Sierra Space is now able to predict the future locations of orbital debris. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20
SANTA CLARA, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- NVIDIA announced today it is opening its first Vietnam research and development center, signaling its confidence in the country's bright artificial intelligence future. The company is collaborating with the Vietnamese government to establish its new Vietnam Research and Development Center focused on AI. NVIDIA will use the R&D center to focus on software development, capitalizing on the country's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI. "We are delighted to open NVIDIA's R&D center to accelerate Vietnam's AI jou
SANTA CLARA, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- NVIDIA will present at the following events for the financial community: UBS Global Technology and AI ConferenceTuesday, Dec. 3, 6:35 a.m. Pacific time J.P. Morgan Healthcare ConferenceMonday, Jan. 13, 9:45 a.m. Pacific time Interested parties can listen to the live audio webcast of NVIDIA financial presentations at investor.nvidia.com. Webcast replays are available for 90 days afterward. About NVIDIANVIDIA (NASDAQ:NVDA) is the world leader in accelerated computing. For further information, contact: NVIDIA Investor RelationsNVIDIA Corporate [email protected]@nvidia.com © 2024 NVIDIA Corporation. All rights reserv
Record quarterly revenue of $35.1 billion, up 17% from Q2 and up 94% from a year agoRecord quarterly Data Center revenue of $30.8 billion, up 17% from Q2 and up 112% from a year ago SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the third quarter ended October 27, 2024, of $35.1 billion, up 17% from the previous quarter and up 94% from a year ago. For the quarter, GAAP earnings per diluted share was $0.78, up 16% from the previous quarter and up 111% from a year ago. Non-GAAP earnings per diluted share was $0.81, up 19% from the previous quarter and up 103% from a year ago. "The age of AI is in full steam, propelling a global
nVent Electric plc (NYSE:NVT) ("nVent"), a global leader in electrical connection and protection solutions, today announced that it is collaborating with NVIDIA (NYSE:NVDA) to deploy liquid cooling solutions at scale supporting the NVIDIA GB200 NVL72 and next-generation platforms. The collaboration is expected to deliver cutting-edge, built-to-spec liquid cooling technology to enhance the performance and energy efficiency of NVIDIA-powered data centers. nVent is a leader in liquid cooling, providing resilient and sustainable solutions for the next generation of computing supporting AI demand. nVent is contributing to active development programs with hyperscale and high-performance compu
ATLANTA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- SC24 -- NVIDIA today announced an NVIDIA Omniverse™ Blueprint that enables industry software developers to help their computer-aided engineering (CAE) customers in aerospace, automotive, manufacturing, energy and other industries create digital twins with real-time interactivity. Software developers such as Altair, Ansys, Cadence and Siemens can use the NVIDIA Omniverse Blueprint for real-time computer-aided engineering digital twins to help their customers drive down development costs and energy usage while getting to market faster. The blueprint is a reference workflow that includes NVIDIA acceleration libraries, physics-AI frameworks and inter
ATLANTA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- SC24 -- NVIDIA today announced that global pharmaceutical and techbio industry leaders, academic pioneers and AI researchers are adopting the open-source NVIDIA® BioNeMo™ Framework to advance drug discovery and accelerate molecule design. Researchers require specialized biomolecular models and datasets that allow them to gather insights at scale to design therapeutics faster. The open-source BioNeMo Framework offers a collection of accelerated computing tools designed to exponentially scale AI models for biomolecular research, bringing a new level of supercomputing to biopharma. "The convergence of AI, accelerated computing and expanding dataset
ATLANTA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- SC24 -- NVIDIA today announced it is working with Google Quantum AI to accelerate the design of its next-generation quantum computing devices using simulations powered by the NVIDIA CUDA-Q™ platform. Google Quantum AI is using the hybrid quantum-classical computing platform and the NVIDIA Eos supercomputer to simulate the physics of its quantum processors. This will help overcome the current limitations of quantum computing hardware, which can only run a certain number of quantum operations before computations must cease, due to what researchers call "noise." "The development of commercially useful quantum computers is only possible if we can sc
News and outlook: In October 2024, Artprice by Artmarket has reached a new milestone with its Intuitive Artmarket® AI and its positive impact on annual recurring revenue growth. PARIS, Nov. 14, 2024 /PRNewswire/ -- In mid-October 2024, Artprice by Artmarket began providing data trained by its proprietary artificial intelligence (Intuitive Artmarket®) to its high-end subscribers. Rather than imposing on its 9.3 million customers and members a radical transformation of its databases, which have been the reference in the art world for 27 years, Artprice by Artmarket has judiciously decided to gradually inject proprietary data from its AI into its Artprice databases, without it being specified
TOKYO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- NVIDIA AI Summit Japan—NVIDIA today announced that Japan cloud leaders SoftBank Corp., GMO Internet Group, Highreso, KDDI, Rutilea and SAKURA internet are building AI infrastructure with NVIDIA accelerated computing, networking and software to accelerate transformation across the nation's robotics, automotive, healthcare and telecom industries. The services from Japan's cloud providers are supported through a Japan Ministry of Economy, Trade and Industry (METI) program to supply critical compute resources across industries. The cloud providers are operating their AI data centers across the country's central, northern and western regions to suppor
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
3 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest com
Developers Gain Access to New NVIDIA NIM Microservices for Robotics Simulation in Isaac Lab and Isaac Sim, OSMO Robot Cloud Compute Orchestration Service, Teleoperated Data Capture Workflow and More DENVER, July 29, 2024 (GLOBE NEWSWIRE) -- SIGGRAPH—To accelerate humanoid development on a global scale, NVIDIA today announced it is providing the world's leading robot manufacturers, AI model developers and software makers with a suite of services, models and computing platforms to develop, train and build the next generation of humanoid robotics. Among the offerings are new NVIDIA NIM™ microservices and frameworks for robot simulation and learning, the NVIDIA OSMO orchestration service for
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
New Lineup Features First-of-Its-Kind Turnkey, Private-Cloud AI Solution Including Sustainable Accelerated Computing with Full Lifecycle Services to Streamline Time to Value with AI HPE Discover 2024 – Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio's key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE's AI storage, compute and the HPE GreenLake cloud. The offering e
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, announces that it has qualified to trade on the OTCQB® Venture Market operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the ticker symbol "SBOT". "Serve's transition to a publicly traded entity marks an important moment in the robotics landscape, showcasing our role as one of the first to commercially deploy AI-powered robots in urban settings. With the backing of strategic p
SANTA CLARA, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- NVIDIA today announced it will host its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21. More than 300,000 people are expected to register to attend in person or virtually. NVIDIA founder and CEO Jensen Huang will deliver the keynote from the SAP Center on Monday, March 18, at 1 p.m. Pacific time. It will be livestreamed and available on demand. Registration is not required to view the keynote online. Since Huang first highlighted machine learning in his 2014 GTC keynote, NVIDIA has been at the forefront of the AI revolution. The company's platforms have played a crucial role in enabling AI across
Yotta launches Shakti Cloud: India's Largest Supercomputer of 16 Exaflops AI computing power with NVIDIA H100 Tensor Core GPUs to drive mass-scale AI innovation in India MUMBAI, India, Dec. 5, 2023 /PRNewswire/ -- Yotta Data Services today announced a collaboration with NVIDIA to deliver cutting-edge GPU computing infrastructure and platforms for its Shakti Cloud platform. The collaboration will advance the development of AI solutions in India by bringing state-of-the-art AI capabilities within reach of numerous organizations, businesses, AI researchers, and a multitude of startups across the country. With this offering, Yotta customers will be able to train large language models (LLMs) and
VANCOUVER, BC / ACCESSWIRE / April 21, 2021 / AMPD Ventures Inc. ("AMPD" or the "Company")(CSE:AMPD)(FRA:2Q0) is pleased to announce the hiring of Wolfgang Stindl, a senior interactive and digital media business development professional with more than 25 years of experience to help establish and develop AMPD's presence in the European market. Mr. Stindl will be representing AMPD's high-performance computing at the edge solutions as Director of Sales & Business Development (Europe). AMPD specializes in providing high-performance computing and cloud solutions for next-generation applications including cutting-edge digital content creation, big data analysis and visualization, artificial intell
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis: SPDR S&P 500 ETF Trust The SPY (
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro
Fabrinet (NYSE:FN) is quietly becoming a crucial player in the AI industry. What Happened: This original equipment manufacturer (OEM) is catching investor attention thanks to its strategic partnership with Nvidia Corp (NASDAQ:NVDA). Fabrinet, based in the Cayman Islands, is known for its state-of-the-art optical connections and networking cables. It recently became a vital partner within Nvidia's data center operations. With AI applications demanding increasingly high data rates, Fabrinet’s role in producing cutting-edge optical communication products has become indispensable. Datacom revenues, 42% of Fabrinet’s quarterly sales, surged by 150% year-over-year. This illustrates the s
https://www.bloomberg.com/news/articles/2024-07-25/nvidia-partner-smc-raising-950-million-to-tap-ai-server-boom?utm_content=business&utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&sref=y3YMCJ4e
The recent tech stock selloff has raised concerns about Wall Street’s vulnerability to a potential downturn in the Big Tech trade, prompting investors to reconsider their portfolio composition. What Happened: The market experienced a selloff triggered by disappointing quarterly reports from Tesla Inc. (NASDAQ:TSLA) and Google-parent Alphabet Inc. (NASDAQ:GOOGL), causing the tech-heavy Nasdaq Composite to drop 3.6% in its worst day since October 2022. Senior portfolio manager at GLOBALT, Thomas Martin, indicated that Tesla’s results served as a wake-up call for investors who realized their portfolios were heavily weighted towards information technology and growthier type companies, Reut
Taiwan’s Premier Cho Jung-tai has announced a sweeping economic and social reform plan, aiming to attract nearly $100 billion in investments. This comes after former President Donald Trump said “Taiwan should pay us for defense.” What Happened: The reform plan would focus on energy, artificial intelligence, and infrastructure. The strategy includes appealing to Taiwanese investors disillusioned with conducting business in China, a trend the government aims to capitalize on, said Premier Cho in an interview with Nikkei Asia. The plan is in line with President Lai Ching-te‘s vision of a “smarter, forward-looking sustainability,” exploring ocean and space industries, and enhancing Taiwan’
On Wednesday, major U.S. indices closed significantly lower. The Dow Jones Industrial Average fell 1.25% to 39,853.87, the S&P 500 dropped 2.3% to 5,427.13, and the Nasdaq declined 3.6% to 17,342.41. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corporation (NASDAQ:NVDA) Nvidia closed down 6.80% at $114.25, with an intraday high of $119.95 and a low of $113.44. The 52-week high is $140.76 and the low is $39.23. The company, along with other U.S. chip stocks, saw a significant selloff on Wednesday. This was partly due to disappointing second-quarter earnings from Tesla Inc and Google parent Alphabet Inc. Ford Motor Co
South Korea’s SK Hynix has reported its highest quarterly profit since 2018, attributing the surge to the increasing demand for artificial intelligence chips. What Happened: SK Hynix, a major supplier to NVIDIA Corp. (NASDAQ:NVDA), announced a second-quarter operating profit of 5.47 trillion won ($3.96 billion), marking its third consecutive profitable quarter after incurring losses last year, Reuters reported. This profit is the highest since the third quarter of 2018. The company’s revenue also soared by 125% year-over-year to a record quarterly high of 16.4 trillion won, driven by the surging demand for high-end DRAM chips, including High Bandwidth Memory chips used in data center s
Semiconductor stock Advanced Micro Devices (NASDAQ:AMD) was among the technology stocks that fell Wednesday on the heels of earnings reports from Tesla Inc (NASDAQ:TSLA) and Alphabet being dissected by investors. What Happened: AMD stock is now down year-to-date after Wednesday's decline. The drop comes as there was some optimism across social media from photos shared by company CEO Lisa Su. Su shared pictures of an event with Tesla that she attended. "Great spending time with the Tesla team talking about AI, leadership and more! Proud to partner with such an amazing team! Thanks for the invite!" Su tweeted. Benzinga reached out to Tesla and AMD for more commentary on the meeting