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 has launched NVIDIA AI Enterprise, optimized for VMware vSphere 7 Update 2. This software suite supports AI applications in sectors like healthcare and finance, allowing enterprises to reduce AI model development from 80 weeks to just 8 weeks. With NVIDIA AI Enterprise, IT teams can manage AI workloads alongside their existing infrastructure. Licenses for NVIDIA AI Enterprise cost $3,595 per CPU socket, including support. This partnership aims to modernize AI deployment in virtualized environments.
NVIDIA reported record quarterly revenue of $5.00 billion for Q4 FY2021, a 61% increase year over year. Full-year revenue reached $16.68 billion, up 53% from the previous year. GAAP earnings per diluted share were $2.31 for the quarter and $6.90 for the year, both representing substantial increases. Demand for GeForce RTX 30 Series GPUs and A100 universal AI data center GPUs was highlighted as a key growth factor. The company anticipates Q1 FY2022 revenue of $5.30 billion.
NVIDIA will present at key financial events, including the Raymond James 42nd Annual Institutional Investors Conference on March 1 and the Morgan Stanley Technology, Media and Telecom Conference on March 3. These presentations can be accessed live through NVIDIA's investor website, with replays available for 90 days. NVIDIA is recognized for pioneering the GPU, significantly impacting industries like gaming, AI, healthcare, and manufacturing.
NVIDIA will hold a conference call on February 24, 2021, at 2 p.m. PT to discuss its financial results for the fourth quarter and fiscal year 2021, which ended on January 31, 2021. A written commentary from the CFO will be available shortly after the results are announced at approximately 1:20 p.m. PT. This call will be accessible via NVIDIA's website and will include a Q&A session limited to financial analysts and institutional investors.
NVIDIA has announced the launch of the new GeForce RTX 3060 GPU, powered by the Ampere architecture, delivering up to 10x the ray-tracing performance of the GTX 1060 at a starting price of $329. This GPU targets millions of gamers, with an estimated 90% of users currently on GTX-class GPUs. The RTX 3060 features impressive specs, including 12GB of GDDR6 memory, 25 RT-TFLOPs, and support for NVIDIA DLSS and Resizable BAR. The card is set to be available in late February 2021 through major retailers.
NVIDIA has announced the launch of its GeForce RTX 30 Series Laptop GPUs, featuring over 70 models powered by the NVIDIA Ampere architecture. These laptops, starting at $999, enhance energy efficiency by up to 2x and introduce the advanced 3rd Gen Max-Q Technology. The RTX 30 Series enables ray-traced gaming and facilitates content creation with significant performance improvements. Key models include RTX 3060 at 90 fps for $999, RTX 3070 at 90 fps for $1,299, and the flagship RTX 3080 at 100+ fps for $1,999. Global availability begins on January 26, 2021.
NIO has partnered with NVIDIA to integrate the NVIDIA DRIVE Orin system-on-a-chip for its new generation of electric vehicles, starting with the ET7 sedan in 2022. The collaboration aims to enhance autonomous driving capabilities with the Adam supercomputer, which will deliver over 1000 TOPS in performance. This strategic move positions NIO as a leader in the smart EV market, promising advanced AI-enabled features. The ET7 will also include a new 150kw battery for improved range, continuing NIO's commitment to making electric vehicle adoption mainstream.
NVIDIA will participate in several upcoming financial community events, including the J.P. Morgan Healthcare Conference on January 11 at 1:30 p.m. PT, the J.P. Morgan Tech/Auto Forum on January 12 at 7:50 a.m. PT, and the Goldman Sachs Technology & Internet Conference on January 12 at 12:40 p.m. PT. Interested parties can listen to live audio webcasts of these presentations at investor.nvidia.com, with replays available for 90 days afterward.
NVIDIA announced the GeForce RTX 3060 Ti, starting at $399, set to debut on December 2, 2020. This GPU, powered by the NVIDIA Ampere architecture, promises significant performance improvements over the RTX 2080 SUPER. With features like ray tracing and AI-powered DLSS, it aims to enhance gaming experiences, particularly for titles like Cyberpunk 2077 and Call of Duty: Black Ops Cold War. Additionally, purchasers may receive a one-year subscription to NVIDIA GeForce NOW.
NVIDIA will present at three upcoming financial events: the Credit Suisse 24th Annual Technology Conference on Nov. 30 at 9:20 a.m. PT, the Wells Fargo TMT Summit 2020 on Dec. 1 at 11 a.m. PT, and the UBS Global TMT Virtual Conference on Dec. 7 at 8:10 a.m. PT. Interested individuals can access live audio webcasts of these presentations at investor.nvidia.com, with replays available for 90 days after each event.