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NVIDIA Corp (NVDA.OQ)

NVDA.OQ on NASDAQ Stock Exchange Global Select Market

159.56USD
16 Aug 2019
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$10.79 (+7.25%)
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Latest Key Developments (Source: Significant Developments)

Nvidia Reports Qtrly GPU Business Revenue Of $2.10 Bln Versus $2.66 Bln
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - NVIDIA Corp ::NVIDIA CORP QTRLY GPU BUSINESS REVENUE $2.10 BILLION VERSUS $2.66 BILLION.NVIDIA CORP QTRLY GAMING REVENUE $1,313 MILLION, DOWN 27%.NVIDIA CORP QTRLY AUTOMOTIVE REVENUE $209 MILLION, UP 30%.NVIDIA CORP QTRLY DATA CENTER REVENUE WAS $655 MILLION, DOWN 14 PERCENT FROM A YEAR AGO.  Full Article

Nvidia Says Q2 Non-GAAP Earnings Per Share $1.24
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Nvidia Corp ::NVIDIA ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER FISCAL 2020.Q2 NON-GAAP EARNINGS PER SHARE $1.24.Q2 GAAP EARNINGS PER SHARE $0.90.Q2 REVENUE $2.58 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.54 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.15 -- REFINITIV IBES DATA.Q3 REVENUE IS EXPECTED TO BE $2.90 BILLION, PLUS OR MINUS 2 PERCENT.QTRLY GAAP GROSS MARGIN 59.8% VERSUS 63.3%.NVIDIA - Q3 GAAP AND NON-GAAP GROSS MARGINS EXPECTED TO BE 62.0 PERCENT AND 62.5 PERCENT, RESPECTIVELY, PLUS OR MINUS 50 BASIS POINTS.QTRLY NON-GAAP GROSS MARGIN 60.1% VERSUS 63.5%.COMPANY WILL RETURN TO REPURCHASING ITS STOCK AFTER CLOSE OF MELLANOX ACQUISITION.WILL PAY ITS NEXT QUARTERLY CASH DIVIDEND OF $0.16 PER SHARE ON SEPTEMBER 20, TO ALL SHAREHOLDERS OF RECORD ON AUGUST 29.Q3 EARNINGS PER SHARE VIEW $1.52, REVENUE VIEW $2.97 BILLION -- REFINITIV IBES DATA.  Full Article

Volvo Group And NVIDIA To Develop AI Platform For Autonomous Trucks
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Volvo AB ::VOLVO GROUP PARTNERS WITH NVIDIA TO DEVELOP ADVANCED AI PLATFORM FOR AUTONOMOUS TRUCKS.HAS SIGNED AN AGREEMENT WITH NVIDIA TO JOINTLY DEVELOP DECISION MAKING SYSTEM OF AUTONOMOUS COMMERCIAL VEHICLES AND MACHINES.PARTNERSHIP WITH NVIDIA WILL FOCUS ON DEVELOPMENT OF A FLEXIBLE, SCALABLE AUTONOMOUS DRIVING SYSTEM.STRATEGIC PARTNERSHIP COVERS END-TO-END COMPUTING FUNDAMENTAL TO AUTONOMOUS VEHICLES.WORK WILL BEGIN IMMEDIATELY WITH PERSONNEL FROM TWO COMPANIES BEING CO-LOCATED IN GOTHENBURG, SWEDEN AND SANTA CLARA, CALIFORNIA.STRATEGIC PARTNERSHIP COVERS END-TO-END COMPUTING FUNDAMENTAL TO AUTONOMOUS VEHICLES.  Full Article

Nvidia Responds To TRC Capital's 'Mini-Tender' Offer
Sunday, 3 Feb 2019 

Feb 3 (Reuters) - NVIDIA Corp ::NVIDIA RESPONDS TO TRC CAPITAL'S 'MINI-TENDER' OFFER.RECEIVED NOTICE OF UNSOLICITED "MINI-TENDER" OFFER BY TRC CAPITAL DATED JAN 21, TO BUY UP TO 1 MILLION SHARES OF NVIDIA STOCK AT $149.88/SHARE IN CASH.OFFER IS FOR APPROXIMATELY 0.16 PERCENT OF NVIDIA'S OUTSTANDING COMMON STOCK.NVIDIA IS NOT AFFILIATED WITH TRC AND DOES NOT ENDORSE OFFER DOCUMENTATION OR OFFER ITSELF.NVIDIA EXPRESSES NO OPINION AND IS NEUTRAL ON TRC'S OFFER.  Full Article

NVIDIA Announces Financial Results For Third Quarter Fiscal 2019
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - NVIDIA Corp ::NVIDIA ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER FISCAL 2019.Q3 NON-GAAP EARNINGS PER SHARE $1.84.Q3 GAAP EARNINGS PER SHARE $1.97.Q3 REVENUE $3.18 BILLION VERSUS I/B/E/S VIEW $3.24 BILLION.Q3 EARNINGS PER SHARE VIEW $1.71 -- THOMSON REUTERS I/B/E/S.NVIDIA INTENDS TO RETURN AN ADDITIONAL $3 BILLION TO SHAREHOLDERS BY END OF FISCAL 2020.Q4 REVENUE IS EXPECTED TO BE $2.70 BILLION, PLUS OR MINUS 2 PERCENT.NVIDIA INTENDS TO RETURN AN ADDITIONAL $3 BILLION TO SHAREHOLDERS BY END OF FISCAL 2020, WHICH MAY BEGIN IN Q4 OF FISCAL 2019.Q4 GAAP AND NON-GAAP GROSS MARGINS ARE EXPECTED TO BE 62.3 PERCENT AND 62.5 PERCENT, RESPECTIVELY, PLUS OR MINUS 50 BASIS POINTS..QTRLY GAAP GROSS MARGIN 60.4 PERCENT VERSUS 59.5 PERCENT REPORTED LAST YEAR.QUARTERLY CASH DIVIDEND RAISED 7 PERCENT TO $0.16 PER SHARE.QTRLY NON-GAAP GROSS MARGIN 61.0 PERCENT VERSUS 59.7 PERCENT REPORTED LAST YEAR.IN NOVEMBER 2018, BOARD OF DIRECTORS AUTHORIZED AN ADDITIONAL $7 BILLION UNDER COMPANY'S SHARE REPURCHASE PROGRAM."OUR NEAR-TERM RESULTS REFLECT EXCESS CHANNEL INVENTORY POST THE CRYPTO-CURRENCY BOOM, WHICH WILL BE CORRECTED".QTRLY GPU BUSINESS REVENUE $2,774 MILLION VERSUS $2,217 MILLION REPORTED LAST YEAR.QTRLY AUTOMOTIVE REVENUE $172 MILLION VERSUS $144 MILLION REPORTED LAST YEAR.  Full Article

Optimus Ride Selects Nvidia Drive Agx Xavier For Autonomous Vehicle Fleet
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Optimus Ride ::SELECTS NVIDIA DRIVE AGX XAVIER FOR AUTONOMOUS VEHICLE FLEET.  Full Article

IBM And Nvidia Collaborate To Expand Open Source Machine Learning Tools For Data Scientists
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - International Business Machines Corp ::IBM AND NVIDIA COLLABORATE TO EXPAND OPEN SOURCE MACHINE LEARNING TOOLS FOR DATA SCIENTISTS.IBM-PLANS TO INCORPORATE NEW RAPIDS OPEN SOURCE SOFTWARE INTO ENTERPRISE-GRADE DATA SCIENCE PLATFORM FOR ON-PREMISES, HYBRID, MULTICLOUD ENVIRONMENTS.  Full Article

Adobe And Nvidia Announce Partnership To Deliver New AI Services
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Adobe Systems Inc ::ADOBE AND NVIDIA ANNOUNCE PARTNERSHIP TO DELIVER NEW AI SERVICES FOR CREATIVITY AND DIGITAL EXPERIENCES.NVIDIA CORP - COLLABORATION WILL OPTIMIZE ADOBE SENSEI FOR NVIDIA GPUS.  Full Article

Nvidia CEO Huang Says Investment In Self-Driving Technology Will Rise, Not Fall, In Aftermath Of Uber Fatality‍​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Nvidia CEO said in a Q & A after keynote speech at GPU Conference in San Jose, California::NVIDIA CEO SAYS INVESTMENT IN SELF-DRIVING TECHNOLOGY WILL RISE, NOT FALL, IN AFTERMATH OF UBER FATALITY‍​.NVIDIA CEO SAYS UBER FATALITY SHOULD NOT DISCOURAGE SELF-DRIVING DEVELOPMENT, BUT “BRING AWARENESS TO THE IMPORTANCE OF IT”.NVIDIA CEO SAYS UBER SHOULD BE GIVEN CHANCE TO UNDERSTAND WHAT WENT WRONG, “WE DON’T KNOW WHAT HAPPENED”.  Full Article

Nvidia Corp Qtrly GPU Business Revenue Was $2.46 Bln, Up 33 Pct From Year Earlier
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Nvidia Corp ::NVIDIA CORP - QTRLY GPU BUSINESS REVENUE WAS $2.46 BILLION, UP 33 PERCENT FROM A YEAR EARLIER.NVIDIA CORP - RECORDED A U.S. TAX REFORM PROVISIONAL NET TAX BENEFIT OF $133 MILLION, OR $0.21 PER DILUTED SHARE IN QTR‍​‍​.NVIDIA CORP - OVERALL, THE LOWER-THAN-EXPECTED TAX RATE CONTRIBUTED $0.36 TO GAAP EARNINGS PER DILUTED SHARE IN QTR‍​.NVIDIA CORP - QTRLY AUTOMOTIVE REVENUE OF $132 MILLION, WHICH WAS UP 3 PERCENT FROM A YEAR EARLIER.NVIDIA CORP - INVENTORY AT THE END OF THE QUARTER WAS $796 MILLION, DOWN FROM $857 MILLION IN THE PRIOR QUARTER.NVIDIA CORP - Q1 FISCAL 2019 CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $100 MILLION TO $120 MILLION.  Full Article

US STOCKS-Wall Street ends sharply higher on German stimulus optimism

* Germany could suspend balanced budget rule to avoid recession -report