Nvidia Corporation

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  • Jan. 17, 2013, 5:18 PM
    AMD -2.6% AH in response to Intel's Q4 report, which featured a slight revenue miss and somewhat light Q1 guidance, as well as (in the CFO comments) remarks about "aggressive tactical actions" to cut inventory. Nvidia (NVDA) is unchanged for now.
    | Jan. 17, 2013, 5:18 PM
  • Jan. 7, 2013, 1:58 PM

    The Street isn't a fan of Nvidia's (NVDA -2.5%) entry into the handheld console market: shares are ticking lower as concerns about the costs of supporting Project Shield outweigh any enthusiasm about its latest baseband and app processors. CNNMoney's Adrian Covert notes Nvidia (unlike Nintendo and Sony) is trying to carve a niche by courting hardcore gamers with its console. Nvidia also launched its cloud-based Grid Gaming System (previous) yesterday. Supported by several cloud gaming providers, Grid features 20 servers and 240 Nvidia GPUs per rack.

    | Jan. 7, 2013, 1:58 PM
  • Dec. 20, 2012, 11:21 AM

    AMD (AMD -4.2%) is slumping, and Intel (INTC -0.5%) and Nvidia (NVDA -0.6%) are slightly off, after Evercore's Patrick Wang joins the estimate-cutting parade, and co-worker Rob Cihra offers mixed commentary about PC demand. While holding out hope Windows 8 and China will lead demand to stabilize in 1H, Cihra notes many industry suppliers appear to have under-shipped end-user sales (which themselves aren't great) in Q4 thanks to inventory drawdowns. "Early ultrabooks have been stymied by high prices and Win8 so far looks like a remarkable non-factor.," he adds.

    | Dec. 20, 2012, 11:21 AM
  • Nov. 20, 2012, 8:05 AM

    For whom H-P's (HPQ) FQ4 results toll: Dell (DELL) -1.9% premarket, Intel (INTC) -1.6%, AMD -1%. H-P reported a 14% Y/Y drop in PC revenue and 12% drops in both desktop and notebook shipments. The drop in commercial PC revenue (13%) was nearly as bad as the drop in consumer PC revenue (16%).

    | Nov. 20, 2012, 8:05 AM | 2 Comments
  • Nov. 12, 2012, 2:33 PM
    Cray (CRAY +3.1%) is rallying after the DOE's Titan supercomputer, which was built by Cray, is declared the world's most powerful system, dethroning the IBM-built Sequoia. Titan uses AMD Opteron server CPUs and Nvidia's (NVDA) K20 graphics accelerator, which was officially announced today.
    | Nov. 12, 2012, 2:33 PM
  • Nov. 9, 2012, 5:31 PM

    Nvidia (NVDA -3.9%) sold off after initially trading higher post-earnings. Soft guidance (PC-related) overshadowed decent Tegra sales, which were driven far more by tablets (i.e. the Nexus 7) than smartphones. Nvidia noted on its earnings call it's ramping R&D as it works to develop a Tegra chip containing a baseband modem, something needed to better compete with Qualcomm's Snapdragon line. Separately, CEO Jen-Hsun Huang talked up the potential of the delayed Project Denver to address the budding ARM server CPU market. (FQ3: I, II) (analyst comments)

    | Nov. 9, 2012, 5:31 PM | 4 Comments
  • Oct. 25, 2012, 10:16 AM

    Logitech (LOGI -10.5%) becomes the latest PC-centric name to fall after a weak earnings report. In addition to missing FQ2 estimates, the company warned its fiscal 2H sales and operating income will be down Y/Y. FQ2 OEM sales fell 27% Y/Y (weaker keyboard/mouse sales), echoing Microsoft's huge Windows sales drop, while retail sales fell 5%. Audio sales -14%, Video -17%, Harmony remote sales -14%, with units falling 31%. Gross margin was up 500 bps Q/Q and 210 bps Y/Y. (prepared remarks, slides - PDF)

    | Oct. 25, 2012, 10:16 AM
  • Oct. 23, 2012, 2:31 PM

    Barnes & Noble (BKS +6%) is surging as investors show their appreciation of Apple's decision to start iPad Mini pricing at $329. B&N new 7" Nook HD sells for $199-$229, while the 9" Nook HD+ goes for $269-$299. Shares sold off yesterday on Apple-related worries. Texas Instruments (TXN -0.4%), which (for now) supplies processors for both the Nook and Kindle lines, could be an indirect beneficiary of the Mini's pricing. Ditto Nvidia (NVDA), whose processors go into the Nexus 7 and other Android tablets.

    | Oct. 23, 2012, 2:31 PM | 9 Comments
  • Oct. 23, 2012, 1:24 PM

    Chip stocks are outperforming a little following ARM's (ARMH +11.6%) pleasing Q3 report (I, II), in which the company reported a 16% Y/Y increase in Q2 unit shipments (from which Q3 royalties were derived). Beaten-down PC chip stocks are among the winners: AMD +3.8%. NVDA +2.9%. INTC +1.1%. Earlier today, AMD launched its Vishera desktop CPU line - AMD is counting on the 4 and 8-core CPUs, which are priced aggressively, to help reverse share losses to Intel's Ivy Bridge. Reviewers offer tempered praise.

    | Oct. 23, 2012, 1:24 PM | 2 Comments
  • Oct. 19, 2012, 10:06 AM

    AMD (AMD -6.3%) and Marvell (MRVL -11.9%) get downgraded to Market Perform by FBR's Craig Berger after providing more bad news (I, II) yesterday afternoon. Berger is worried about AMD's cash burn, lack of gross margin guidance, and upcoming price cuts, and thinks Marvell's loss of CFO Clyde Hosein is an indictment of its "culture and founder-CEO control" - he considers rival LSI a better buy. Also downgraded is Nvidia (NVDA -2.1%), for which Berger cites general PC worries. (AMD transcript)

    | Oct. 19, 2012, 10:06 AM | 9 Comments
  • Oct. 18, 2012, 5:35 PM

    More on AMD: The company is: 1) Planning to cut 15% of its workforce as part of its restructuring, which it says will be "largely completed" in Q4. AMD expects to achieve $190M in 2013 cost savings, and record $80M in Q4 restructuring charges. Past rumors indicated job cuts of anywhere from 10%-30%. 2) Guiding for Q4 revenue of $1.1B-$1.21B, below a $1.33B consensus. CPU division sales fell 11% Q/Q and 28% Y/Y in Q3, while GPU division sales fell 7% Q/Q and 15% Y/Y - both are clearly losing share. AMD nearly unchanged AH.

    | Oct. 18, 2012, 5:35 PM | 12 Comments
  • Oct. 17, 2012, 11:16 AM

    Intel (INTC -2.7%) remains lower following its Q3 report, which was accompanied by soft guidance and cautious earnings call remarks (I, II) about demand and inventories. Dell (DELL -1.6%) and Nvidia (NVDA -1.7%) are off, but most other PC industry names are near breakeven. There's plenty of downbeat sell-side commentary: Goldman predicts margins will fall further in 1H13, and Nomura thinks Intel's declining cash balance (now at $3.4B) will limit stock buybacks. Bulls are predicting Windows 8, for which expectations have fallen considerably, will provide a lift.

    | Oct. 17, 2012, 11:16 AM | 1 Comment
  • Oct. 15, 2012, 9:10 AM

    Texas Instruments (TXN) +2.3% following a report it's in talks to sell its OMAP app processor business to Amazon. Such a deal would be a blow to Nvidia (NVDA), which has been seen as a beneficiary of TI's decision to retreat from the app processor market, and was once (inaccurately) rumored to have scored a design win for the second-gen Kindle Fire. But a TI/Amazon deal could clear the way for Nvidia's Tegra processor to be designed into future Barnes & Noble Nooks.

    | Oct. 15, 2012, 9:10 AM | 3 Comments
  • Oct. 12, 2012, 12:13 PM

    While AMD (AMD -10.2%) is touching levels last seen in early '09 following its Q3 warning, Intel (INTC -0.2%) and Nvidia (NVDA -0.8%) haven't moved much: the Street is making it clear it views a lot of AMD's problems as company-specific. "AMD’s competitive position is so much weaker than in the past," says Evercore's Patrick Wang, no stranger to criticizing the company. SA's Ashraf Easaa thinks CEO Rory Read, whose 14-month reign has been quite tumultuous, now faces intense scrutiny.

    | Oct. 12, 2012, 12:13 PM | 9 Comments
  • Oct. 11, 2012, 4:35 PM
    AMD -7.8% AH after warning it expects Q3 revenue to fall 10% Q/Q, well below prior guidance of -4% to +2%. Gross margin is expected to be just 31% vs. prior guidance of 44%, partly thanks to a $100M inventory write-down. The chipmaker says it's seeing weak demand across all product lines - slumping PC sales are having an effect, but the size of the drop also suggests share losses to Intel and/or Nvidia. INTC -0.4%.
    | Oct. 11, 2012, 4:35 PM | 33 Comments
  • Sep. 7, 2012, 10:12 AM
    Intel's (INTC -2.8%) warning is hurting other chip stocks with strong PC exposure: AMD -3.4%. NVDA -4.5%. MU -4.6%. H-P (HPQ -1.4%), Microsoft (MSFT -1.3%), Seagate (STX -1.6%), and Western Digital (WDC -1.4%) are off moderately, though Dell (DELL +0.9%) is higher after declaring its first dividend. Analysts had been slashing estimates (I, II, III) for Intel ahead of the warning thanks to a torrent of negative PC data - that seems to be limiting the damage.
    | Sep. 7, 2012, 10:12 AM | 4 Comments
Company Description
NVIDIA Corp is a visual computing company, connecting people through the powerful medium of computer graphics. The Company's reporting segments include GPU and Tegra Processor.