NVIDIA Corp Company News
Nvidia's and Palantir's biggest cheerleaders are sending all the wrong signals to investors.
Nvidia stock was reacting after Advanced Micro Devices earnings, including its comments on China sales.
The investment comes from backers including the Qatar Investment Authority as demand for chips beyond Nvidia soars and as Qatar aims to build out its AI infrastructure.
NVIDIA (NASDAQ:NVDA) CEO Jensen Huang used a late-evening conversation with a partner to outline how he believes artificial intelligence is reshaping the computing industry and why enterprises should move quickly to adopt it, even if near-term return on investment is difficult to quantify. Reinvent
Advanced Micro Devices shares fell over 6% in early Frankfurt trading on Wednesday after the company forecast a slight decline in quarterly revenue, raising concerns about whether it can effectively challenge Nvidia in the booming AI market. The stock ended Tuesday's regular session down 1.7%. The shares have risen 13.1% so far this year (Reporting by Danilo Masoni; Editing by Amanda Cooper)
Nvidia CEO Jensen Huang dismissed fears that artificial intelligence will replace software and related tools, calling the idea "illogical", after a significant selloff in global software stocks on Tuesday. The selloff, partly sparked by AI developer Anthropic's updated chatbot release last week that heightened fears of AI-driven disruption in the data and professional services industry, broadened on Wednesday, hitting software stocks in India, Japan and China. Speaking at an artificial intelligence conference in San Francisco hosted by Cisco Systems Huang said worries that AI will make software companies less relevant are misguided and AI will continue to rely on existing software rather than rebuild basic tools from scratch.
A significant selloff among U.S. and European data analytics, professional services and software companies deepened on Tuesday, with some investors pointing to a recently updated artificial intelligence chatbot by Anthropic as the main culprit. AI developer Anthropic launched plug-ins for its Claude Cowork agent on Friday that would automate tasks across legal, sales, marketing and data analysis. Toronto-based Thomson Reuters, which owns the Westlaw legal database, slumped by nearly 18%.
Asia shares traded mostly higher on Wednesday despite a retreat on Wall Street on selling of technology stocks, while gold and silver continued to regain ground after a recent sell-off. U.S. futures edged higher and oil prices advanced. The future for the S&P 500 edged up 0.2%, while that for the Dow Jones Industrial Average rose 0.3%.
The Nasdaq fell below its 50-day line while consumer staples, regional banks, precious metals and industrials showed strength. AMD, Lumentum were earnings movers late.
Nvidia's H200 AI chip sales to China remain in limbo nearly two months after U.S. President Donald Trump approved exports, pending a U.S. national security review, the Financial Times reported on Tuesday, citing people familiar with the discussions. Chinese customers are, meanwhile, not placing H200 chip orders with Nvidia until it becomes clear whether they will be able to secure the licences or what conditions will be attached, the report said. Nvidia and the U.S. State Department did not immediately respond to a Reuters request for comment outside regular business hours.
If you are trying to figure out whether NVIDIA's share price still makes sense, you are not alone. The stock often sits at the center of the debate about what counts as a fair price for growth. NVIDIA recently closed at US$180.34, with a 4.3% decline over the last 7 days and a 4.5% decline over the last 30 days, while its 1 year return sits at 52.0% and its 3 year return is around 7x. Recent headlines continue to focus on NVIDIA's role in semiconductors and graphics processing, especially...
Nvidia’s sales of H200 AI chips to China are still awaiting final approval from Washington nearly two months after Donald Trump greenlit exports...
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Old Arcived News About NVIDIA Corp
- 10:10 am NVIDIA extending break above last week's peak.
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- 3 Stocks Pulling The Electronics Industry Downward.
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- Analysts' Actions -- Alcoa, Disney, Morgan Stanley, Netflix and More.
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- NVIDIA.
- NVIDIA (NVDA) Earnings Report: Q4 2016 Conference Call Transcript.
- NVIDIA (NVDA) Is Today's Roof Leaker Stock.
- Nvidia (NVDA) Stock Downgraded at Barclays.
- NVIDIA (NVDA) Stock Jumps, Analysts Bullish Ahead of Q4 Results.
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- Nvidia (NVDA) Stock Soars on Earnings Beat.
- Nvidia (NVDA) Stock Surges in After-Hours Trading on Earnings Beat.
- NVIDIA Announces Upcoming Event for Financial Community. [at noodls] - SANTA CLARA, CA - NVIDIA will present at the following conference for the financial community: J.P. Morgan 14th Annual Tech Forum at the 2016 International CES Wednesday, Jan. 6, 7:50 a.m. Pacific time ...
- NVIDIA Corp. Reportedly Facing Shortage of High-End Graphics Chips.
- NVIDIA Corp.’s Missed Opportunity With the GeForce GTX Titan X. [at Motley Fool] - Though this graphics specialist's gaming chip business is on fire, it may have missed an opportunity to further bolster its average selling prices.
- NVIDIA Corporation's Most Disappointing Product in 2015.
- Nvidia Looks Attractive Ahead of Earnings (NVDA).
- Nvidia Looks Chipper Despite 2015 Run-Up. [at TheStreet] - Investors have underappreciated its transformation from a PC video game chipmaker into a visual computer powerhouse.
- Nvidia Surges Higher on Q4 Earnings Beat (NVDA).
- NVIDIA Ups the Ante for Self-Driving Cars.
- Puts target lower levels in Nvidia. [optionMONSTER] - Traders are positioning for a possible drop in shares of Nvidia. More than 2,600 February 15 puts were puts bought for $0.07 and $0.08 yesterday, according to optionMONSTER's Depth Charge system. Open ...
- Samsung Wins First Round in Graphics Patent Case Nvidia.
- Strong Upward Pre-Market Activity For NVIDIA (NVDA).
- The Sky's the Limit for Nvidia (NVDA, AMD).
- The smart car gets even smarter. [at Fortune] - A spectrum of 'possible': Companies in an array of industries are working to shatter the status quo. Here are two.
- The Worst Advanced Micro Devices, Inc. Headlines in 2015. [at Motley Fool] - It's been a tough year for the struggling chip company.
- Top 5 Momentum Stocks for 2016.
- Trade-Ideas: NVIDIA (NVDA) Is Today's Unusual Social Activity Stock.
- Traders see Nvidia holding ground. [optionMONSTER] - Nvidia has been ripping higher in recent months, and traders are betting that it will hold onto those gains. optionMONSTER's monitoring systems detected the sale of 4,000 Weekly 31 puts expiring on Dec. ...
- UPDATE: Bank Of America Upgrades NVIDIA. [Benzinga] - Bank of America upgraded NVIDIA Corporation (NASDAQ: NVDA ) Friday from Underperform to Neutral and raised its price target from $19 to $22. Analysts led by Vivek Arya commented that “Nvidia has performed ...
- Zacks Investment Ideas feature highlights: NVIDIA, Photronics, Hormel Foods, Ulta Salon and CubeSmart.
NVIDIA Corp Short Company Overview:
NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company's products provide interactive 3D graphics to the mainstream personal computer market.
