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NVIDIA Corp (NVDA.OQ)

NVDA.OQ on NASDAQ Stock Exchange Global Select Market

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17 Jun 2019
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Latest Key Developments (Source: Significant Developments)

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

Nvidia Reports Q4 GAAP Earnings Per Share $1.78
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Nvidia Corp ::NVIDIA ANNOUNCES FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL 2018.Q4 GAAP EARNINGS PER SHARE $1.78.Q4 REVENUE ROSE 34 PERCENT TO $2.91 BILLION.Q4 NON-GAAP EARNINGS PER SHARE $1.72.‍FOR FISCAL 2019, NVIDIA INTENDS TO RETURN $1.25 BILLION TO SHAREHOLDERS THROUGH ONGOING QUARTERLY CASH DIVIDENDS AND SHARE REPURCHASES​.Q1 REVENUE IS EXPECTED TO BE $2.90 BILLION, PLUS OR MINUS TWO PERCENT.Q4 EARNINGS PER SHARE VIEW $1.17, REVENUE VIEW $2.69 BILLION -- THOMSON REUTERS I/B/E/S.Q1 GAAP AND NON-GAAP GROSS MARGINS ARE EXPECTED TO BE 62.7 PERCENT AND 63.0 PERCENT, RESPECTIVELY, PLUS OR MINUS 50 BASIS POINTS.QTRLY GAAP GROSS MARGIN 61.9% VERSUS 60.0%.QTRLY NON-GAAP GROSS MARGIN 62.1% VERSUS 60.2%.  Full Article

Nvidia, Continental Partner To Create AI Self-Driving Vehicle Systems
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Nvidia Corp ::NVIDIA - CO, CONTINENTAL PARTNERING TO CREATE AI SELF-DRIVING VEHICLE SYSTEMS BUILT ON NVIDIA DRIVE PLATFORM WITH PLANNED MARKET INTRODUCTION IN 2021.  Full Article

Nvidia Says May Issue Short-Term Unsecured Commercial Paper Notes Not To Exceed $575 Mln
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Nvidia Corp ::NVIDIA CORP - ON DECEMBER 15, CO ESTABLISHED COMMERCIAL PAPER PROGRAM PURSUANT TO WHICH COMPANY MAY ISSUE SHORT-TERM, UNSECURED COMMERCIAL PAPER NOTES.NVIDIA CORP - SAYS MAY ISSUE SHORT-TERM, UNSECURED COMMERCIAL PAPER NOTES NOT TO EXCEED $575 MILLION - SEC FILING.NVIDIA CORP - SAYS COMMERCIAL PAPER NOTES WILL HAVE MATURITIES OF UP TO 397 DAYS FROM THE DATE OF ISSUE.  Full Article

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Palestinian contractors poised for riches from Israeli tech firm's takeover

RAWABI, West Bank/TEL AVIV Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a $3.5 million payout when the company's takeover by U.S. chip supplier Nvidia Corp is completed.