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Nvidia Says Growth Will Continue as A.I. Hits ‘Tipping Point’

The A.I. chip maker’s revenue more than tripled, and profits rose ninefold. It also projected that its revenue would more than triple again.

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By Don Clark

Reporting from San Francisco

Nvidia, the kingpin of chips powering artificial intelligence , on Wednesday released quarterly financial results that reinforced how the company has become one of the biggest winners of the artificial intelligence boom, and it said demand for its products would fuel continued sales growth.

The Silicon Valley chip maker has been on an extraordinary rise over the past 18 months, driven by demand for its specialized and costly semiconductors, which are used for training popular A.I. services like OpenAI’s ChatGPT chatbot. Nvidia has become known as one of the “ Magnificent Seven ” tech stocks, which, including others like Amazon, Apple and Microsoft, have helped power the stock market.

Nvidia’s valuation has surged more than 40 percent to $1.7 trillion since the start of the year, turning it into one of the world’s most valuable public companies. Last week, the company briefly eclipsed the market values of Amazon and Alphabet before receding to the fifth-most-valuable tech company. Its stock market gains are largely a result of repeatedly exceeding analysts’ expectations for growth, a feat that is becoming more difficult as they keep raising their predictions.

On Wednesday, Nvidia reported that revenue in its fiscal fourth quarter more than tripled from a year earlier to $22.1 billion, while profit soared nearly ninefold to $12.3 billion. Revenue was well above the $20 billion the company predicted in November and above Wall Street estimates of $20.4 billion.

Nvidia predicted that revenue in the current quarter would total about $24 billion, also more than triple the year-earlier period and higher than analysts’ average forecast of $22 billion.

Jensen Huang , Nvidia’s co-founder and chief executive, argues that an epochal shift to upgrade data centers with chips needed for training powerful A.I. models is still in its early phases. That will require spending roughly $2 trillion to equip all the buildings and computers to use chips like Nvidia’s, he predicts.

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Performance Overview

Press Release Details

Nvidia announces financial results for third quarter fiscal 2024.

• Record revenue of $18.12 billion, up 34% from Q2, up 206% from year ago
• Record Data Center revenue of $14.51 billion, up 41% from Q2, up 279% from year ago

SANTA CLARA, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter.

GAAP earnings per diluted share for the quarter were $3.71, up more than 12x from a year ago and up 50% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter.

“Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA.

“Large language model startups, consumer internet companies and global cloud service providers were the first movers, and the next waves are starting to build. Nations and regional CSPs are investing in AI clouds to serve local demand, enterprise software companies are adding AI copilots and assistants to their platforms, and enterprises are creating custom AI to automate the world’s largest industries.

“NVIDIA GPUs, CPUs, networking, AI foundry services and NVIDIA AI Enterprise software are all growth engines in full throttle. The era of generative AI is taking off,” he said.

NVIDIA will pay its next quarterly cash dividend of $0.04 per share on December 28, 2023, to all shareholders of record on December 6, 2023.

Q3 Fiscal 2024 Summary

Outlook NVIDIA’s outlook for the fourth quarter of fiscal 2024 is as follows:

• Revenue is expected to be $20.00 billion, plus or minus 2%.
• GAAP and non-GAAP gross margins are expected to be 74.5% and 75.5%, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $3.17 billion and $2.20 billion, respectively.
• GAAP and non-GAAP other income and expense are expected to be an income of approximately $200 million, excluding gains and losses from non-affiliated investments.
• GAAP and non-GAAP tax rates are expected to be 15.0%, plus or minus 1%, excluding any discrete items.

NVIDIA achieved progress since its previous earnings announcement in these areas: 

Data Center

• Third-quarter revenue was a record $14.51 billion, up 41% from the previous quarter and up 279% from a year ago.
• Announced NVIDIA HGX™ H200 with the new NVIDIA H200 Tensor Core GPU , the first GPU with HBM3e memory, with systems expected to be available in the second quarter of next year.
• Introduced an AI foundry service — with NVIDIA AI Foundation Models, NVIDIA NeMo™ framework and NVIDIA DGX™ Cloud AI supercomputing — to accelerate the development and tuning of custom generative AI applications, first available on Microsoft Azure, with SAP and Amdocs among the first customers.
• Announced that the NVIDIA Spectrum-X™ Ethernet networking platform for AI will be integrated into servers from Dell Technologies, Hewlett Packard Enterprise and Lenovo in the first quarter of next year.
• Announced that NVIDIA GH200 Grace Hopper Superchips, including a new quad configuration, will power more than 40 new supercomputers , including the JUPITER system at Jülich Supercomputing Centre and Isambard-AI at the University of Bristol.
• Google Cloud Platform made generally available new A3 instances powered by NVIDIA H100 Tensor Core GPUs and NVIDIA AI Enterprise software in Google Cloud Marketplace .
• Microsoft Azure will be offering customers access to NVIDIA Omniverse™ Cloud Services for accelerating automotive digitalization, as well as new instances featuring NVL H100 Tensor Core GPUs and H100 with confidential computing, with H200 GPUs coming next year.
• Oracle Cloud Infrastructure made NVIDIA DGX Cloud and NVIDIA AI Enterprise software  available in Oracle Cloud Marketplace.
• Partnered with a range of leading companies on AI initiatives, including Amdocs , Dropbox , Foxconn , Genentech (member of Roche Group), Infosys , Lenovo , Reliance Industries , Scaleway and Tata Group .
• Announced record-setting performance in the latest two sets of MLPerf benchmarks for inference and training , with the NVIDIA Eos AI supercomputer training a GPT-3 model 3x faster than the previous record.
• Announced growing worldwide support for the NVIDIA ® CUDA ® Quantum platform , including new efforts in Israel, the Netherlands, the U.K. and the U.S.
• Third-quarter revenue was $2.86 billion, up 15% from the previous quarter and up 81% from a year ago. 
• Launched DLSS 3.5 Ray Reconstruction , which creates high-quality ray-traced images for intensive ray-traced games and apps, including Alan Wake 2 and Cyberpunk 2077 . 
• Released TensorRT-LLM™ for Windows , speeding on-device LLM inference by up to 4x. 
• Added 56 DLSS games and over 15 Reflex games, bringing the total number of RTX games and applications to over 475. 
• Surpassed 1,700 games on GeForce NOW™ , including launches of Alan Wake 2 , Baldur’s Gate 3 , Cyberpunk 2077: Phantom Liberty, Forza Motorsport and Starfield .

Professional Visualization

• Third-quarter revenue was $416 million, up 10% from the previous quarter and up 108% from a year ago.
• Announced that Mercedes-Benz is using NVIDIA Omniverse to create digital twins to help plan, design, build and operate its manufacturing and assembly facilities around the world.
• Announced a new line of desktop workstations with NVIDIA RTX™ 6000 Ada Generation GPUs and NVIDIA ConnectX® smart interface cards for training smaller AI models, fine-tuning models and running inference locally.
• Third-quarter revenue was $261 million, up 3% from the previous quarter and up 4% from a year ago.
• Furthered its collaboration with Foxconn to develop next-generation electric vehicles for the global market, using the next-generation NVIDIA DRIVE Hyperion™ platform and NVIDIA DRIVE Thor™ system-on-a-chip.

CFO Commentary Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available at https://investor.nvidia.com .

Conference Call and Webcast Information NVIDIA will conduct a conference call with analysts and investors to discuss its third quarter fiscal 2024 financial results and current financial prospects today at 2 p.m. Pacific time (5 p.m. Eastern time). A live webcast (listen-only mode) of the conference call will be accessible at NVIDIA’s investor relations website, https://investor.nvidia.com . The webcast will be recorded and available for replay until NVIDIA’s conference call to discuss its financial results for its fourth quarter and fiscal 2024.

Non-GAAP Measures To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude acquisition termination costs, stock-based compensation expense, acquisition-related and other costs, IP-related costs, other, gains and losses from non-affiliated investments, interest expense related to amortization of debt discount, and the associated tax impact of these items where applicable. Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases of property and equipment and intangible assets and principal payments on property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies.

About NVIDIA Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/ .

Certain statements in this press release including, but not limited to, statements as to: the broad industry platform transition from general-purpose to accelerated computing and generative AI and the next waves starting to build; nations and regional CSPs investing in AI clouds to serve local demand, enterprise software companies adding AI copilots and assistants to their platforms, and enterprises creating custom AI to automate the world’s largest industries; NVIDIA GPUs, CPUs, networking, AI foundry services and NVIDIA AI Enterprise software as growth engines for generative AI; the era of generative AI taking off; the NVIDIA AI foundry service accelerating the development and tuning of custom generative AI applications; the usage of NVIDIA GH200 Superchips in supercomputers globally; NVIDIA’s next quarterly cash dividend; NVIDIA’s financial outlook and expected tax rates for the fourth quarter of fiscal 2024; the benefits, impact, performance, features and availability of NVIDIA’s products and technologies, including the NVIDIA HGX H200, NVIDIA H200 Tensor Core GPU, NVIDIA AI Foundation Models, NVIDIA NeMo, NVIDIA GH200 Grace Hopper Superchip, NVIDIA AI Enterprise, NVIDIA Omniverse, NVIDIA Spectrum-X, NVIDIA RTX workstations, NVIDIA RTX 6000 Ada GPU, NVIDIA Omniverse Enterprise software, NVIDIA H100 Tensor Core GPU, NVIDIA DGX Cloud AI, GeForce NOW, NVIDIA CUDA Quantum platform, DLSS, DLSS 3.5 Ray Reconstruction, NVIDIA DRIVE Hyperion, NVIDIA DRIVE Thor, TensorRT-LLM, NVIDIA ConnectX; the benefits and impact of NVIDIA’s partnerships with Amdocs, Dropbox, Foxconn, Genentech, Infosys, Lenovo, Reliance Industries, Scaleway and Tata Group; growing support for NVIDIA CUDA Quantum platform; and the usage of NVIDIA Omniverse by Mercedes-Benz are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; and unexpected loss of performance of our products or technologies when integrated into systems, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.  

© 2023 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce NOW, NVIDIA CUDA, NVIDIA DGX, NVIDIA DRIVE Hyperion, NVIDIA DRIVE Thor, NVIDIA Grace Hopper, NVIDIA HGX, NVIDIA NeMo, NVIDIA Omniverse, NVIDIA RTX, NVIDIA Spectrum-X and TensorRT are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/463fe102-9bba-4d9e-931c-3c5898b67a27

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NVIDIA headquarters in Santa Clara, Calif.

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The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. This list may be updated from time to time. Privacy Policy Manage My Privacy Do Not Sell or Share My Data Terms of Service Accessibility Corporate Policies 7 reasons Nvidia is poised to soar 67% as its rally continues for the next 2 years, according to a Wall Street research firm Constellation Research said Nvidia stock will soar 65% to $200 per share over the next year. The research firm said it expects Nvidia stock to continue soaring for the next 18 to 24 months as it benefits from its AI dominance. There are seven moats around Nvidia's business that will enable continued growth.  Nvidia stock will surge to $200 per share over the next 12 months, and its ongoing rally is set to last up to another two years, according to Constellation Research. Constellation founder R "Ray" Wang told CNBC on Monday that he believes Nvidia has seven moats that will help it maintain its dominant position in the market for GPUs that are fueling the AI boom. "Nvidia is the foundational stock in the Age of AI. CEO Jensen Huang intends to achieve vertically integrated domination from silicon to software through partnerships and direct routes to market. Unlike the PC age where Microsoft, Intel, and Cisco served as a triumvirate foundational players, this new era will have new players all tied back to Nvidia," Wang told Business Insider in an e-mail on Monday. These are the seven reasons Wang expects Nvidia stock to soar 65% from current levels. 1. Visionary founder-led CEO "It's a visionary-led CEO, and that's very very important as you've seen in the valley. Those are the ones that have led, like the Larry Ellisons of the world, the scott Mcnealys, the Mark Zuckerbergs," Wang said. 2. High barrier to entry "There's few competitors that can come into this chip market, and it takes a long time to get a chip to market, and if you can do that and if you succeed and then if you can actually get the right chip, that's a very hard thing to do." 3. High switching costs "Once you're in, you're locked in because of the CUDA software and all the access to the chips, the software, and the entire stack. You're going to be locked in for quite some time and they've got quite a lead in terms of doing that." 4. Dominant market share "Nvidia has had dominant market share, and I think that makes a big difference because they've been in this market for quite some time and the competitors are behind by 24 months." 5. Strong product roadmap "We're only seeing one-tenth, maybe one-one hundredth of the product roadmap that Nvidia has out there, and that's really exciting for those who actually have some insight into what they have next, because it's more than just chips, and it's more than just what's happening in software. That ability to go from silicon all the way to the end side, that's where we're going to see a lot of the innovation." 6. GPU is the default standard in AI "The ecosystem has made the GPU a default standard. It's the standard everyone's looking to for AI from inference and testing." 7. The numbers don't lie "We're seeing some amazing growth here that actually matches the P/E ratio, and that's what everyone is looking at, they're trying to figure out how this is going to continue, but gross margins are 78%, 262% growth compared to a year ago, this is going to continue for at least the next 18 to 24 months." Wang said the current 14% decline in the stock since it peaked at about $140 per share last week represents yet another buying opportunity for investors. "The pullback is coming at a macro level. People are worried about the consumer side, people worried about where the economy is going to head, and they're doing some profit-taking before the summer, so I think it's a good time to buy the dip," Wang said. Wang isn't the only analyst on Wall Street with a $200 price target for Nvidia stock. Last week, Rosenblatt raised its Nvidia price target to $200 per share on the prospect of the company better monetizing its CUDA software platform. Main content You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Is Nvidia Stock Going to $144? 1 Wall Street Analyst Thinks So. One Wall Street analyst sees another acceleration in Nvidia's order backlog coming. Even as Blackwell chip deliveries gain traction, there remains strong demand for Nvidia's existing chips. Motley Fool Issues Rare “All In” Buy Alert NASDAQ: NVDA Here's why Nvidia may be back on its way to hitting a new all-time high. Nvidia ( NVDA 4.18% ) share prices have recently reversed course after seemingly pushing higher for months without a breather. The stock now trades nearly 13% off its intraday high price of over $140 per share hit last month. There is one Wall Street analyst who thinks shares of the artificial intelligence (AI) leader will soon rebound and even exceed its all-time high. Morgan Stanley analyst Joseph Moore put out a new note on Nvidia on Monday increasing his price target from $116 to $144 per share. Moore determined that share price based on what he sees as a jump in earnings per share (EPS) through next year. Moore thinks Nvidia stock is worth buying as his new price target would represent a gain of about 17.5% from its current price. Nvidia's "compelling narrative" After data checks pointed to strong demand in China and Taiwan, as well as the U.S., Moore raised his EPS estimate for the semiconductor giant from $2.94 to $3.34 per share for next year. Moore believes Nvidia, "remains the most compelling narrative in the AI [semiconductor] space, and as we transition from H100 to H200 and then Blackwell, visibility and backlog will improve materially." That last point is the key to an investment in Nvidia right now. Even after its recent correction, Nvidia shares had run up ahead of revenue and earnings growth. In other words, further growth is already built into the stock price to some extent. But even as Nvidia prepares to begin bulk shipments of its new, Blackwell AI platform, its H100 and H200 graphics processing units (GPUs) are still in high demand. 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You’ll get all the same industry-leading features and capabilities seen on our GeForce RTX 30 Series graphics cards, plus new 3rd gen Max-Q technologies for peak efficiency and performance in laptops. Over 70 new laptops will sport our GeForce RTX 30 Series Laptop GPUs, giving gamers and content creators record-breaking performance in a portable form factor. Availability starts January 26th. GeForce RTX 30 Series laptops boast 3rd generation Max-Q technologies, including new Dynamic Boost 2.0, WhisperMode 2.0, and Resizable BAR, plus NVIDIA DLSS. Altogether, these innovations improve efficiency, performance, acoustics and battery life. To learn more, and to see why your next laptop should be powered by a GeForce RTX 30 Series Laptop GPU, head here . GeForce RTX 3060 Launches Late February The GeForce RTX 3060 , the newest member of the GeForce RTX 3060 family of graphics cards, is an enticing upgrade for mid-range users looking to enjoy the latest games at great detail levels and frame rates. For example, gamers still rocking the GeForce GTX 1060, the most-used GPU on Steam, will instantly supercharge their performance. They’ll be able to take on the latest games that are more stunning and graphically demanding. They’ll additionally get to experience ray-traced visuals for the first time, and have complete access to our latest game-changing technologies, including NVIDIA DLSS, NVIDIA Broadcast, and more. The GeForce RTX 3060 will also support Resizable BAR , along with the rest of the GeForce RTX 30 Series on compatible motherboards. This advanced feature of PCI Express enables the CPU to access the GPU frame buffer, improving performance in many games. For more on this upcoming feature, head here . The GeForce RTX 3060 launches late February, starting at $329. For all the details, hit up our dedicated announcement article . Ray Tracing and NVIDIA DLSS Coming To More Games RTX technology has set a whole new standard in gaming. In fact, 36 games are now powered by RTX, including the #1 Battle Royale game, the #1 RPG, the #1 MMO and the #1 best-selling game of all time - Minecraft . Now, we’re announcing more games that support RTX technology, including DLSS, which is coming to both Call of Duty: Warzone and Square Enix’s new IP, Outriders . To get further details about the technology coming to these titles, head on over to our January 2021 RTX Games article . New NVIDIA Reflex Games, Monitors, Mice and Features Esports is a game of milliseconds where system responsiveness is absolutely critical.  We built NVIDIA Reflex to deliver the lowest system latency for competitive gamers - from mouse click to display. Since Reflex’s launch in September , a dozen games have added support. Today, we are announcing that Overwatch and Rainbow Six Siege are also adopting NVIDIA Reflex. Now, 7 of the top 10 competitive shooters support Reflex. Also in September, we announced four 360 HZ G-SYNC esports displays with the innovative Reflex Latency Analyzer that gives gamers a way to accurately measure system latency. Today we are announcing five new G-SYNC gaming displays featuring Reflex Latency Analyzer, that expand the Reflex ecosystem to include 1440p resolution and 34 inch ultrawide panels. As the Reflex ecosystem continues to grow, mouse vendors are making their mice Reflex Latency Analyzer compatible. In September, we announced Reflex Latency Analyzer support from mouse partners Logitech, Razer, Steelseries, and ASUS. Today, we are announcing new Reflex Latency Analyzer compatible mice from Acer, Alienware, and Corsair. To learn more about these announcements, new Reflex compatible mice and other Reflex updates, check out our detailed NVIDIA Reflex article . New G-SYNC, G-SYNC Compatible and G-SYNC ULTIMATE Displays and TVs CES is where manufacturers announce their latest TVs, monitors and display technologies, bringing ever-better panels and features to the table each year. In the world of PC gaming, our G-SYNC technologies ensure the very best experiences for your eyes, and today things get even better with the announcement of new G-SYNC, G-SYNC Compatible and G-SYNC ULTIMATE displays and TVs . For all the details, head on over to our G-SYNC announcements article . NVIDIA Broadcast - Adding AI to Livestreams, Conference Calls and More Our users seek versatile machines that allow them to game, work or study. The NVIDIA Broadcast app , powered by GeForce RTX 30 Series GPUs, levels up your live streams, voice chats, and remote meetings with AI-powered virtual background and noise removal. And GPU-accelerated encoding delivers the performance and image quality to show off all your best moments in exquisite detail. GeForce RTX 30 Series delivers the ultimate broadcast experience for live streaming, work and play—every time. Introducing GeForce RTX 30 Series Laptops to NVIDIA Studio If you can imagine it, NVIDIA Studio laptops will help you bring it to life. The newest Studio laptops are powered by  GeForce RTX 30 Series Laptop GPUs. They come equipped with pixel-accurate displays, up to 16 GB of video memory, and GPU acceleration for ray tracing, artificial intelligence and video encoding that allow artists to create in record time. Six new Studio laptops were announced today, powered by the GeForce RTX 30 Series: ASUS Zenbook Pro Duo UX582 Razer Blade 15 and Blade Pro 17 MSI Creator 15 GIGABYTE AERO15 and AERO17 There are now over 100 Studio systems in total from over 25 OEMs, and hundreds of applications accelerated for NVIDIA GPUs - including 50 accelerated for NVIDIA RTX GPUs. Studio laptops take advantage of NVIDIA Studio Drivers, providing artists, creators and 3D developers the best performance and reliability when working with creative applications. Stay Up To Date With GeForce.com Throughout the year we make new announcements about GPUs, laptops, monitors, games and technology. To ensure you’re up to date on all of 2021’s news, bookmark GeForce.com . Graphics Cards G-SYNC Monitors GeForce NOW Cloud Gaming Latest News Community Forums #SHOTWITHGEFORCE Community Portal Developer Resources Purchase Support Technical Support Privacy Policy Manage My Privacy Do Not Sell or Share My Data Terms of Service Accessibility Corporate Policies Product Security 251 IMAGES NVIDIA's new Project GROOT: fully humanoid robot to compete against Watch the highlights of NVIDIA's GPU Technology Conference keynote Nvidia AI developer conference kicks off with new chips in focus GeForce At CES 2022 Event Nvidia Shares Rise After Announcing Its Latest and Most Powerful AI Chip Nvidia debuts new high-end RTX 4090 GPU after previous generation COMMENTS Nvidia CEO speaks at first shareholder meeting since stock surge Nvidia CEO Jensen Huang answered questions at the company's first shareholder meeting since its stock began to surge. Without naming competitors, Huang laid out the company's overall strategy ... Nvidia's $25 billion buyback plan, results lift stock to record high During the session, Nvidia rose as high as $502.66, which topped a record hit earlier this week. The first trillion-dollar chip maker's stock is now up 223% year-to-date. Santa-Clara, California ... GeForce At CES 2024: SUPER GPUs, 14 New RTX Games ... To mark the release of the GeForce RTX 40 SUPER Series, NVIDIA has teamed up with some of the top system builders to create custom SUPER PC builds.At the heart of each incredible rig is the new GeForce RTX 4080 SUPER Founders Edition graphics card, powered by the supercharged NVIDIA Ada Lovelace architecture, and matched with top-shelf components that represent the pinnacle of cutting-edge ... Introducing GeForce RTX 40 Series GPUs Powered by the new ultra-efficient NVIDIA Ada Lovelace, 3rd generation RTX architecture, GeForce RTX 40 Series graphics cards are beyond fast, giving gamers and creators a quantum leap in performance, AI-powered graphics, more immersive gaming experiences, and the fastest content creation workflows. Gaming performance in the latest titles rockets by up to 2X, and by harnessing DLSS 3 and new ... Nvidia Unveils Faster Chip Aimed at Cementing AI Dominance August 8, 2023 at 11:09 AM PDT. Listen. 5:14. Nvidia Corp. announced an updated AI processor that gives a jolt to the chip's capacity and speed, seeking to cement the company's dominance in a ... GeForce RTX 40 SUPER Series Graphics Cards Launching This ... The GeForce RTX 4080 SUPER arrives January 31st, starting at $999. Upgraded with more CUDA Cores and the world's fastest GDDR6X video memory (VRAM) running at 23 Gbps, the GeForce RTX 4080 SUPER is perfect for 4K fully ray-traced gaming, and the most demanding applications of Generative AI. Nvidia announces new AI chips as market competition heats up Nvidia announces new AI chips months after latest launch as market competition heats up. Nvidia unveiled its next generation of AI chips, just months after announcing its previous model. The quick ... Exclusive: Nvidia pursues $30 billion custom chip opportunity with new Nintendo's current Switch handheld console already includes Nvidia's Tegra X1 chip. A new version of the Switch console expected this year is likely to include a Nvidia custom design, one source said. Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits The company reported revenue of $26 billion in its latest quarter, tripling its sales from a year earlier. Jim Wilson/The New York Times. Nvidia, which makes microchips that power most artificial ... Nvidia Earnings Show Soaring Profit and Revenue Amid AI Boom On Wednesday, Nvidia reported that revenue in its fiscal fourth quarter more than tripled from a year earlier to $22.1 billion, while profit soared nearly ninefold to $12.3 billion. Revenue was ... NVIDIA Corporation (NVDA) Latest Stock News & Headlines Stay updated on the latest news and headlines about NVIDIA Corporation (NVDA), a leading technology company that powers gaming, data centers, and artificial intelligence. Learn how NVDA stock ... Nvidia stock surges as revenue forecast tops estimates, AI demand Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence ... NVIDIA Announces Financial Results for Third Quarter Fiscal 2024 NVIDIA Announces Financial Results for Third Quarter Fiscal 2024. SANTA CLARA, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were ... Nvidia shares surge to record close with 24% rally Nvidia shares are on track to beat the company's 2021 all-time high closing price after it significantly beat estimates, driven in part by an AI frenzy. Nvidia Stock Price Outlook: 7 Moats Will Drive NVDA to $200 Per Share Nvidia stock will surge to $200 per share over the next 12 months, and its ongoing rally is set to last up to another two years, according to Constellation Research. Constellation founder R "Ray ... Nvidia News Latest news on Nvidia, the American multinational technology company shaping the future of AI, gaming, and high-performance computing. Get breaking updates on Nvidia stock prices, new product releases, breakthroughs in graphics technology, and expert reviews on their revolutionary hardware. Stay informed about cutting-edge Nvidia innovations ... The Nvidia spell has been broken. Here's what could come next On June 18, Nvidia's market value soared to $3.34 trillion, surpassing Microsoft's to become the world's most valuable company, and the stock seemed to be speeding up a one-way road to the top. News Featured Stories Frame Generation GeForce RTX GPUs NVIDIA DLSS NVIDIA RTX Ray Reconstruction Ray Tracing Also, get the latest updates about DLSS and RTX technologies in Black Myth: Wukong, Dragon's Dogma 2, the Final Fantasy XIV Online Benchmark, Killer Klowns from Outer Space: The Game, Pax Dei, Soulmask, Star Wars™ Outlaws, and The First ... Is Nvidia Stock Going to $144? 1 Wall Street Analyst Thinks So Nvidia (NVDA-1.31%) share prices have recently reversed course after seemingly pushing higher for months without a breather. The stock now trades nearly 13% off its intraday high price of over ... The First Descendant GeForce Game Ready Driver Released Our latest GeForce Game Ready Driver delivers the definitive day-one experience in The First Descendant, a highly anticipated new DLSS 3.5 title, and gets your system ready for PAYDAY 3's DLSS 3 update. Additionally, there's support for 4 new Optimal Playable Settings profiles. Exclusive: Nvidia set to face French antitrust charges, sources say It also cited unease about Nvidia's recent investments in AI-focused cloud service providers such as CoreWeave. ... Reuters, the news and media division of Thomson Reuters, is the world's ... Game On! Announcing GeForce RTX 30 Series Gaming and Studio ... The GeForce RTX 3060, the newest member of the GeForce RTX 3060 family of graphics cards, is an enticing upgrade for mid-range users looking to enjoy the latest games at great detail levels and frame rates.. For example, gamers still rocking the GeForce GTX 1060, the most-used GPU on Steam, will instantly supercharge their performance. They'll be able to take on the latest games that are ... case study cover letter presentation problem solving rewiew prompts websites tips