Nvidia Jumps 10% as Analysts See ‘Decoupling’ from PCs and from Intel

By Tiernan Ray Shares of graphics chip maestros Nvidia (NVDA) are up $2.60, or almost 10%, at $30.26, adding to last night’s after-hours gains, after the company yesterday afternoon reported fiscal Q4 revenue and profit that easily topped analysts’ expectations, and forecast this quarter’s revenue higher as well. On the conference call with analysts following the report, CEO Jen-Hsun Huang and CFO Colette Kress discussed highlights such as the company’s graphics cards for virtual reality gaming, which they said are gaining momentum with the imminent arrival of Facebook’s (FB) Oculus’s “Rift” VR headset next month. They also mentioned the rapid uptake of the company’s GPUs for “deep learning” and other large-scale computing projects being run by Facebook and Alphabet’s (GOOGL) Google division and other Web companies. Nvidia, which powers in-car display systems, such as…


Link to Full Article: Nvidia Jumps 10% as Analysts See ‘Decoupling’ from PCs and from Intel

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!