Wall Street cheers Nvidia results as AI chip designer lives up to expectations August 24, 2023 Hunger for Nvidia’s artificial intelligence (AI) chips has propelled its sales to $13.5bn (£10.6bn) in its second quarter, more than doubling from a year ago. The American tech behemoth’s data centre business drove most of the sales, soaring 170 per cent compared to the same period last year, up to $10.3bn (£8.1bn). Nvidia’s data centre business sells the company’s [...]
Still going strong: Traders all-in on Nvidia hype train August 23, 2023 Nvidia’s shares hit an all-time high on Tuesday, just before the chip designer shares its earnings later today. Stock in the Nasdaq-listed company soared to an all-time high of $481.87 on Tuesday at market open before dipping 2.76 per cent again yesterday. On Monday, the shares received an eight per cent boost. It surpassed its [...]
Nvidia: Analysts say “more juice for the orange” as share price spikes August 20, 2023 Ahead of its second-quarter results, American chip designer Nvidia is riding high after a successful first half, with shares skyrocketing over 200 per cent since January, and analysts foreseeing more gains. Nvidia, the S&P 500’s star of the year, is anticipated to report a 65 per cent year on year sales surge to $11.1bn (£8.7bn). Earnings [...]
Nvidia considers investment in Arm as firm seeks $80bn valuation July 12, 2023 Nvidia is reportedly engaged in discussions with Arm about becoming an anchor investor in the chip designer ahead of its initial public offering in New York. The two chip companies are currently thrashing out a valuation, the Financial Times reported. Nvidia is said to be seeking a long-term stake that would value Cambridge-based Arm between [...]
Nvidia stock dips after share earnings miss expectations November 18, 2022 Shares in Nvidia have slipped today after the chipmaker’s earnings per share scraped the bottom of analyst forecasts. The US tech giant snagged $0.58 a share versus the $0.70 that was expected by onlookers. Nvidia did however sail past revenue expectations, securing $5.93bn in the third quarter, above estimates of $5.79bn. The company, which specialises [...]
Nvidia seeks to maintain chip relationship with China despite US export ban November 8, 2022 Nvidia, one of the largest American chipmakers, has sought to maintain its trade relationship with China despite the US’ export ban with a new graphics chip. The company has started production on a computer processor for China, known as A800 GPU, which abides by the new rules that aim to limit the country’s access [...]
Nvidia fined by US watchdog for hiding impact of crypto mining on sales May 7, 2022 US tech giant Nvidia has been slapped with a $5.5m fine by the US financial regulator for concealing the impact of crypto mining on revenue.
Nvidia prepares to abandon Arm takeover January 25, 2022 Nvidia is preparing to walk away from its $40bn bid for British chip manufacturer Arm from Japanese investment giant Softbank, according to news reports.
Nvidia’s $54bn Arm deal faces yet another setback as EU regulators press pause on probe December 6, 2021 EU competition watchdogs have temporarily hit pause on their investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. The European Commission halted its probe into the takeover on its previous deadline on November 25, as it awaits more information, Reuters first reported from a [...]
EU to probe Nvidia’s $54bn ARM bid after concessions fail to allay concerns October 12, 2021 US tech company Nvidia’s $54bn bid for British chip designer ARM is set for a prolonged EU antitrust investigation. Concessions offered last week failed to address competition concerns, three people familiar with the matter said. This will be the second setback for the California-based tech firm after the UK’s watchdog warned the deal could damage [...]