NVIDIA CORP
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Apr 202021
🇬🇧

U.K. Govt weighs in on Nvidia/Arm deal

The U.K. government intervenes in Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds, and prices dump almost 5%. The U.K. government has officially begun a formal security investigation into Nvidia’s plans to takeover British chip designer Arm because it believes the deal could have national security implications. In September 2020, Nvidia announced that it would be acquiring Arm for $40 billion to create the world's first premier computing company for the age of AI. Oliver Dowden, the UK’s Culture Secretary, on April 19 said that he had written to the Competition and Markets Authority to instruct them to begin a “phase one” investigation to assess the transaction. It is expected that the regulator will have a report ready by the end of July with advice on issues relating to jurisdiction and competition, and a summary of national security concerns.
“Following careful consideration of the proposed takeover of Arm, I have today issued an intervention notice on national security grounds,” said Dowden. “We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this.”
Set up in the 1980s, Arm is famously referred to as the “Switzerland” of the chip industry thanks to its neutrality is licensing its designs to manufacturers around the world. However, the potential security issues arise from the fact that semiconductors underpin key defence-related technologies – and there are concerns that Arm could eventually raise prices or hurt licensing services to Nvidia’s competitors. Arm’s supposedly neutral position as a supplier within the chip industry has already raised questions around the acquisition because of Nvidia’s existing competition with Arm rivals such as Qualcomm and Intel. But Nvidia (unsurprisingly) downplayed the issue. A spokesperson noted:
“We do not believe that this transaction poses any material national security issues. We will continue to work closely with the British authorities, as we have done since the announcement of this deal.”
Apr 162021
🚀

Nvidia is soaring

Nvidia is up over 10% after an exciting week full of new products, partnerships and bullish analysts. Nvidia had a great time over the past week, starting off with a bang when it unveiled its first server microprocessors on April 12, pushing into Intel’s lucrative market with a chip that brings AI tech to different computing networks, and sending its stock up by over 5%. It rallied even further on the news that its Q1 revenue was tracking above its original forecast of $5.3 billion. Demand for Nvidia’s gaming chips rocketed during the pandemic, gaining 121% in 2021 and benefiting hugely from the recent push into AI chips that can handle complex tasks within data centers.
We are experiencing broad-based strength, with all our market platforms driving upside to our initial outlook
said Nvidia CFO Colette Kress.
Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean. We expect demand to continue to exceed supply for much of this year.
The good news just keeps on coming, and on April 13 web performance and security company Cloudflare announced its new partnership with the firm, bringing Nvidia’s advanced AI tech to its global edge network and sending stock prices up almost 6%. Cloudflare announced last week that it will be using Nvidia’s AI technology within its web infrastructure platform to “build the applications that will power the future". The company isn't planning on stopping there, and will be pitching the new CPU to hyperscale data center wonders like Amazon and Google, which would be big. Nvidia ended the week big on another pop of over 5% after analyst Chris Caso lifted his rating of the stock from outperform to strong buy, and boosted his price target to $750 - which would represent possible gains of around 16% for investors from its current price.
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