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Fly News Breaks for October 15, 2019
NVDA
Oct 15, 2019 | 07:26 EDT
BofA Merrill Lynch analyst Vivek Arya raised his price target on Nvidia shares to $250 from $225 as he believes the company's data center growth will soon benefit from "the next-big AI landmark," namely natural language processing, or "conversational AI." The ability to accurately listen, understand, speak and contextualize human speech needs compute requirements 100 times that of today's dominant image/video classifier AI machines, said Arya, who sees Nvidia being "in prime position" to benefit from this shift given its portfolio of hardware and software and its developer ecosystem. Arya keeps a Buy rating on Nvidia, which he continues to identify as his top large-cap pick.
News For NVDA From the Last 2 Days
NVDA
Nov 15, 2019 | 06:45 EST
Mizuho analyst Vijay Rakesh raised his price target for Nvidia to $230 from $185 saying the company reported "good" October quarter results with improving margins expected in the January quarter. The analyst believes Nvidia's "strong" position in gaming, data center growth, low inventories positions it well for fiscal 2021. He keeps a Buy rating on the shares.
NVDA
Nov 14, 2019 | 18:35 EST
UP AFTER EARNINGS: Farfetch (FTCH) up 19.0%... Digi International (DGII) up 12.6%... Applied Materials (AMAT) up 3.8%... Kulicke and Soffa (KLIC) up 2.3%... Helmerich & Payne (HP) up 2.3%... Wheaton Precious Metals (WPM) up 2.0%. ALSO HIGHER: Radnet (RDNT) up 9.6% after entering S&P SmallCap 600 index... RH (RH) up 7.0% after Berkshire Hathaway disclosed new stake in company. DOWN AFTER EARNINGS: Aurora Cannabis (ACB) down 11.6%... Osmotica (OSMT) down 9.2%... Globant (GLOB) down 4.8%... Dolby Labs (DLB) down 3.8%... Nvidia (NVDA) down 1.4%. Movers as of 18:15ET.
NVDA
Nov 14, 2019 | 16:21 EST
CEO Jensen Huang says: "Our gaming business and demand from hyperscale customers powered Q3's results. The realism of computer graphics is taking a giant leap forward with NVIDIA RTX. This quarter, we have laid the foundation for where AI will ultimately make the greatest impact. We extended our reach beyond the cloud, to the edge, where GPU-accelerated 5G, AI and IoT will revolutionize the world's largest industries. We see strong data center growth ahead, driven by the rise of conversational AI and inference."
NVDA
Nov 14, 2019 | 13:09 EST
Notable companies reporting after the market close, with earnings consensus, include NVIDIA (NVDA), consensus $1.57... Applied Materials (AMAT), consensus 76c... Wheaton Precious Metals (WPM), consensus 16c... Dolby Laboratories (DLB), consensus 48c... Helmerich & Payne (HP), consensus 23c.
NVDA
Nov 14, 2019 | 13:00 EDT
Nvidia (NVDA) is scheduled to report results of its third fiscal quarter after the market close on Thursday, November 14, with a conference call scheduled for 5:30 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here