Nvidia Corporation Stock Price, News & Analysis

NVIDIA has launched the DGX Quantum, the world’s first GPU-accelerated quantum computing system, in collaboration with Quantum Machines. This revolutionary architecture combines NVIDIA’s powerful Grace Hopper Superchip and the open-source CUDA Quantum software, enabling researchers to develop advanced hybrid algorithms.

The DGX Quantum system features a sub-microsecond latency connection between GPUs and quantum processing units (QPUs), enhancing capabilities for quantum error correction and calibration. With its universal quantum control system, OPX+, the system supports both small and large-scale quantum applications, accelerating research in the quantum computing domain.

NVIDIA announced that its DLSS 3 technology will support a new roster of AAA games including Diablo IV, Forza Horizon 5, and Redfall. Developers will gain access to the DLSS Frame Generation plug-in at the upcoming Game Developers Conference (GDC), enhancing integration capabilities. Since its launch, DLSS 3 has been adopted 7x faster than its predecessor, DLSS 2, with 28 games already utilizing the technology. The integration into Unreal Engine 5.2 simplifies performance acceleration for developers and showcases advancements in gaming graphics, promising significant improvements in user experience.

Cepton, Inc. (Nasdaq: CPTN) announced its fourth quarter and full year 2022 results, reporting a revenue of $7.4 million, up 65% year-over-year. Significant achievements included closing a $100 million investment from Koito Manufacturing and preparing for OEM production launches of its lidar technology. The fourth quarter net loss was $15.3 million, while full-year net income reached $9.4 million. For 2023, Cepton expects revenue between $15 million and $20 million, maintaining operating expenses aligned with 2022 levels. Noteworthy advancements included the unveiling of the Vista®-X120 Plus lidar and securing a multi-million dollar contract for smart infrastructure.

NanoString Technologies (NASDAQ:NSTG) announced participation in the panel discussion, “AI-Driven Disruptions To Genomics & Computational Drug Discovery,” at the 43rd Annual Cowen Health Care Conference from March 6-8, 2023. CEO Brad Gray will be among the panelists on March 7, 2023, from 2:10-3:10 pm ET. Key participants include Kimberly Powell from NVIDIA (NASDAQ:NVDA) and Molly Gibson from Generate Biomedicines. Interested parties can access a live webcast on NanoString's investor website, with a replay available for 30 days post-event. NanoString is known for its innovative solutions in spatial biology, including the GeoMx and AtoMx platforms.

NVIDIA announced its participation in key financial events in March 2023, targeting the investment community.

The company will present at the Morgan Stanley Technology, Media and Telecom Conference on March 6 at 9:10 a.m. Pacific Time, followed by the Cowen’s 43rd Annual Health Care Conference on March 7 at 11:10 a.m. Pacific Time.

Investors can access live audio webcasts of these presentations through investor.nvidia.com, with replays available for 90 days.

NVIDIA reported fourth-quarter revenue of $6.05 billion, a 21% decline year-over-year, but a 2% increase from the previous quarter. GAAP earnings per diluted share were $0.57, down 52% year-over-year, while non-GAAP EPS was $0.88, down 33%. For fiscal 2023, revenue remained flat at $27.0 billion, with GAAP EPS falling 55% to $1.74. NVIDIA allocated $1.15 billion to shareholders in Q4, totaling $10.44 billion for the fiscal year. The company forecasts Q1 fiscal 2024 revenue at $6.50 billion. NVIDIA continues to invest in AI technologies, asserting broad adoption potential across various industries.

Microsoft and NVIDIA have announced a significant 10-year partnership to bring Xbox PC games, including popular titles like Call of Duty, to the NVIDIA GeForce NOW cloud gaming service. This collaboration will allow gamers to stream Xbox titles on various devices such as PCs, macOS, and smartphones. The deal also alleviates NVIDIA's concerns regarding Microsoft's acquisition of Activision Blizzard, with NVIDIA backing the regulatory approval. The integration process for Xbox games into GeForce NOW will begin immediately, enhancing the gaming experience for over 25 million members globally.

NVIDIA is set to host GTC 2023 from March 20-23, featuring over 650 sessions led by industry leaders, including a keynote by CEO Jensen Huang on March 21. The event anticipates 250,000+ registrants and covers significant topics such as generative AI, the metaverse, and cloud computing. Notable speakers include representatives from OpenAI and DeepMind. Registration is free and available now. Huang emphasized the pivotal role this conference will play in advancing AI technology, stating that it marks an extraordinary moment for the industry. Additionally, a Q&A session with financial analysts will follow the keynote, available via webcast.

Quest Global, a rapidly growing engineering services firm, has developed new services utilizing the NVIDIA Omniverse Enterprise platform. These services aim to enhance 3D visualization, simulation, design collaboration, and digital twin solutions, particularly for the manufacturing and automotive sectors. By integrating AI and IoT, manufacturers can optimize processes and reduce waste. Quest Global plans a center of excellence with NVIDIA, focusing on predictive analysis and operational efficiencies. This collaboration positions Quest Global to leverage advanced simulation and engineering capabilities, propelling innovations in manufacturing.