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 (NASDAQ: NVDA) operates in the semiconductor and related device manufacturing industry and describes itself as the world leader in AI and accelerated computing. The NVDA news stream highlights how the company’s technologies and partnerships shape AI platforms, data center infrastructure, robotics, autonomous vehicles and scientific computing.
Recent NVIDIA news includes announcements about the NVIDIA Rubin platform, which combines the Vera CPU, Rubin GPU, NVLink 6 switch, ConnectX‑9 SuperNIC, BlueField‑4 DPU and Spectrum‑6 Ethernet switch into an AI platform aimed at reducing training time and inference token costs. Other updates cover NVIDIA BlueField‑4 powering an AI‑native storage infrastructure called the NVIDIA Inference Context Memory Storage Platform, designed to support long‑context, multi‑agent AI systems.
The NVDA news feed also features sector‑specific developments. In life sciences, NVIDIA has announced expansions of the NVIDIA BioNeMo platform and a co‑innovation lab with Eli Lilly and Company to apply AI to drug discovery and related workflows. In robotics and physical AI, NVIDIA has introduced new open models such as NVIDIA Cosmos and Isaac GR00T, along with frameworks like Isaac Lab‑Arena and OSMO, and highlighted partners unveiling new robots built on NVIDIA technologies.
For autonomous vehicles, NVIDIA news includes the launch of the Alpamayo family of open AI models, simulation tools and datasets for reasoning‑based AV development. Additional items cover the Nemotron 3 family of open models for agentic AI and a strategic partnership with Synopsys to apply accelerated computing to engineering and design. Investors and observers can use the NVDA news page to follow product launches, ecosystem collaborations, AI platform updates and regulatory communications that illustrate how NVIDIA positions its technology across industries.
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.
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.