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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 09:15 EDT
Goldman analyst Toshiya Hari raised Nvidia's price target to $217 saying he came away from the GTC Europe 2017 conference incrementally more positive on shares. Hari believes Nvidia is better positioned to address the Inferencing opportunity with its new GPU architecture, Volta, and high performance deep learning inference optimizer, TensorRT. The analyst said CPU's have historically dominated the market and GPU computing has a significant runway given performance improvements. Hari rates Nvidia a Conviction Buy.
News For NVDA From the Last 2 Days
Mar 20, 2018 | 13:02 EDT
Toyota (TM) said it is temporary pausing its autonomous vehicle testing following the fatal accident regarding Uber's self-driving technology, Reuters reports. Shares of Nvidia (NVDA), which makes chips for autonomous vehicles, are recovering some of yesterday's losses. The stock is up 2% to $246.85 in afternoon trading. Reference Link
Mar 20, 2018 | 07:28 EDT
RBC Capital analyst Mitch Steves keeps his Outperform rating and $285 price target on Nvidia ahead of the company's Analyst Day next week. The analyst notes that similar to prior instances, the event will feature a discussion of the company's new product launches, and while it is unclear whether there will be any official product announcements, at a minimum Nvidia may offer up a timeline that addresses recent press speculation of two new GPU architectures. Specifically, Steves looks ahead to Nvidia updating on a consumer card rather than its data center products. The analyst also expects the company to affirms its financial outlook without raising guidance.
Mar 19, 2018 | 14:09 EDT
Shares of semiconductor maker Nvidia (NVDA) are trading near session lows after reports that Uber was pausing autonomous vehicle tests after a fatal crash in Tempe, Arizona. According to reports, from various news outlets, Uber is pausing the testing of its autonomous vehicles following a fatal crash in Arizona. An autonomous Uber vehicle, with a driver behind the wheel, reportedly struck a woman walking outside of the crosswalk in Tempe, Arizona. Earlier this year NVIDIA and Uber announced that the ridesharing company has selected NVIDIA technology for the AI computing system in its fleet of self-driving vehicles. Speaking at the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang said that the collaboration utilizes NVIDIA technology for Uber Advanced Technologies Group's fleets of self-driving cars and freight trucks, running AI algorithms that enable vehicles to perceive the world, predict what will happen next and quickly choose the best course of action, even in complex environments. PRICE ACTION: Shares of Nvidia are down 4.15% to $240.08 in afternoon trading.
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