Welcome to our dedicated page for Nvidia Corporation news (Ticker: NVDA), a resource for investors and traders seeking the latest updates and insights on Nvidia Corporation stock.
NVIDIA Corporation (NVDA) drives innovation in accelerated computing through its industry-leading GPUs and AI platforms. This resource aggregates official announcements and verified news about the company's advancements in visual computing, data center solutions, and artificial intelligence infrastructure.
Investors and industry observers will find timely updates on product launches, strategic partnerships, and technological breakthroughs. The curated collection includes earnings reports, R&D milestones, and market expansion initiatives—all sourced directly from NVIDIA's communications and reputable financial analysis.
Key focus areas span GPU architecture innovations, AI software ecosystem developments, and enterprise computing solutions. Regular updates ensure stakeholders maintain informed perspectives on NVIDIA's role in shaping next-generation technologies across gaming, professional visualization, and cloud computing sectors.
Bookmark this page for streamlined access to NVIDIA's latest corporate communications. Combine these primary sources with sector analysis tools to better understand the company's evolving market position and technological impact.
NVIDIA will host a conference call on February 22, 2023, at 2 p.m. PT to discuss its financial results for Q4 and fiscal year 2023, which ended January 29, 2023. The call will be available via webcast in listen-only mode, followed by a Q&A session for analysts and institutional investors. Prior to the call, a written commentary from the CFO will be released at approximately 1:20 p.m. PT on the same day. This session is crucial for stakeholders to gauge NVIDIA's financial health and strategize accordingly.
NVIDIA has partnered with Hyundai Motor Group, BYD, and Polestar to bring its GeForce NOW cloud gaming service to vehicles. This innovative service enhances the in-car experience by allowing users to stream PC games while parked or during rides. GeForce NOW supports over 1,000 titles, including top games from platforms like Steam and Epic Games. The rollout highlights NVIDIA's commitment to improving vehicle infotainment through advanced technology and connectivity.
NVIDIA has partnered with Foxconn to produce NVIDIA DRIVE Orin electronic control units (ECUs) for the automotive market. This collaboration aims to develop automated vehicle platforms by integrating NVIDIA DRIVE Hyperion sensor architecture into Foxconn's electric vehicles (EVs). The DRIVE Orin system offers significant processing power, capable of achieving up to 254 trillion operations per second, enhancing the capabilities of autonomous vehicles. This partnership is expected to accelerate the production timeline and meet the rising demand for intelligent driving solutions.
NVIDIA announced the launch of GeForce RTX 40 Series laptops at CES 2023, featuring the Ada Lovelace GPU architecture. These laptops boast up to 3x power efficiency and up to 4x performance in AAA games like Cyberpunk 2077. Flagship models, starting at $1,999, support gaming on multiple 4K monitors and are equipped for 3D rendering and real-time streaming. The RTX 4070, 4060, and 4050 laptops offer enhanced performance using one-third the power of previous models, starting at $999. Models will be available starting Feb. 8, 2023.
NVIDIA has launched its new Ultimate membership for GeForce NOW, elevating cloud gaming performance with RTX 4080-class capabilities. This upgrade allows streaming at 240 frames per second and full ray tracing in popular games like Portal With RTX. Enhanced features include NVIDIA Reflex, achieving sub-40 ms latency, and better support for ultrawide monitors. Current RTX 3080 members will be upgraded automatically. The new membership costs $19.99 per month, targeting gamers seeking advanced cloud gaming experiences.
NVIDIA announced its participation in two upcoming financial events, enhancing transparency with investors. The Credit Suisse 26th Annual Technology Conference is set for Nov. 30, 2022, at 7:55 a.m. Pacific time. Following that, NVIDIA will present at the Arete Tech Conference on Dec. 5, 2022, at 8 a.m. Pacific time. Investors can listen to live webcasts of these sessions, which will be available for replay for 90 days.
NVIDIA, a leader in accelerated computing and GPU technology, continues to reshape industries with its innovative solutions.
NVIDIA and Lockheed Martin announced a collaboration to create an AI-driven Earth Observations Digital Twin for the NOAA. This system will improve the monitoring of global environmental conditions, including extreme weather events. The initial integration of sea surface temperature data is expected by September 2023. The project uses advanced AI and Machine Learning to analyze data from various sources, providing accurate and timely environmental information. This initiative is part of a broader effort to enhance weather predictions and tackle significant environmental challenges.
NVIDIA reported third-quarter revenue of $5.93 billion, a decrease of 17% year-over-year and 12% quarter-over-quarter. GAAP diluted earnings per share (EPS) stood at $0.27, down 72% year-over-year but up 4% from the previous quarter. Data Center revenue increased 31% to $3.83 billion, while Gaming revenue fell 51% to $1.57 billion. NVIDIA returned $3.75 billion to shareholders, with a remaining $8.28 billion for share repurchases. Outlook for Q4 projects revenue of $6.00 billion, with gross margins expected at 63.2% (GAAP).
NVIDIA has announced a collaboration with Microsoft to create a powerful AI supercomputer on Azure, leveraging NVIDIA technologies. The partnership integrates tens of thousands of NVIDIA A100 and H100 GPUs, Quantum-2 InfiniBand networking, and AI software to enhance AI development and deployment. This platform aims to accelerate generative AI research and provide scalable virtual machines for enterprises. The combination strengthens Microsoft Azure's capabilities, making it the first public cloud to feature NVIDIA's advanced AI stack, potentially benefiting various sectors seeking AI solutions.
Nuance Communications and NVIDIA have partnered to integrate AI-based diagnostic tools into clinical workflows through the Nuance Precision Imaging Network. This collaboration aims to enhance patient care and reduce treatment costs. Mass General Brigham, leveraging this technology, has successfully implemented a breast density AI model, decreasing result waiting times from several days to just 15 minutes. The initiative allows rapid adaptation of AI models, significantly cutting down development costs and improving patient outcomes.
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