Welcome to our dedicated page for Nvidia news (Ticker: NVDA), a resource for investors and traders seeking the latest updates and insights on Nvidia stock.
NVIDIA Corporation develops graphics processing units, accelerated computing systems, and software platforms used in gaming, artificial intelligence, data centers, and AI model development. Company news around NVDA commonly covers financial results, data center demand, AI infrastructure partnerships, networking and optical-connectivity collaborations, and platform launches such as NVIDIA Ising and NVLink Fusion.
Updates also address NVIDIA’s AI factory architecture, systems that connect GPUs for large workloads, quantum-computing tools for calibration and error correction, and governance changes involving the board, audit committee, and executive finance roles.
NVIDIA and Mercedes-Benz have announced a partnership to develop a groundbreaking in-vehicle computing system and AI infrastructure, set to launch in 2024. This cooperation aims to integrate advanced automated driving functionalities into future Mercedes-Benz vehicles through the NVIDIA DRIVE platform. Features include the ability to automate regular driving routes and over-the-air updates for continuous enhancements. The platform will utilize the new NVIDIA Orin system-on-a-chip, leveraging the NVIDIA Ampere architecture to enable SAE level 2-4 automated driving capabilities.
NVIDIA has partnered with top server manufacturers to launch over 50 A100-powered systems, designed to meet complex demands in AI and data science. With a significant performance boost of up to 20x over previous models, the A100's innovative features include multi-instance GPU technology. 30 systems are anticipated this summer, with an additional 20 by year-end. Major vendors like Dell, Cisco, and Lenovo plan to integrate these GPUs into their offerings, ensuring diverse solutions for high-performance computing needs.
NVIDIA announced its 2020 Annual Meeting of Stockholders, to be held online on June 9, 2020, at 11 am PT. Stockholders can attend virtually at www.virtualshareholdermeeting.com/NVIDIA2020 using their control numbers to vote and ask questions. Non-stockholders can also register to attend. The agenda is detailed in the Proxy Statement filed with the SEC on April 29, 2020, accessible at www.nvidia.com/proxy. A replay of the meeting will be available until June 23, 2020.
NVIDIA has announced a quarterly cash dividend of $0.16 per share, scheduled for payment on June 26, 2020. Shareholders of record as of June 5, 2020 will be eligible to receive this dividend. This marks NVIDIA's ongoing commitment to returning value to its investors amidst the company's innovations in GPU technology, which have significantly impacted the gaming and AI industries. The press release also emphasizes the forward-looking nature of these statements and notes various risks, including economic and technological uncertainties that could affect future performance.
NVIDIA reported a Q1 FY21 revenue of $3.08 billion, marking a 39% increase year-over-year but a 1% decline from the previous quarter. The company achieved a record Data Center revenue of $1.14 billion, up 80% year-over-year. GAAP earnings per diluted share rose to $1.47, illustrating a 130% year-over-year increase. NVIDIA completed the acquisition of Mellanox Technologies for $7 billion and remains committed to quarterly dividends while evaluating share repurchases due to market uncertainties.
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