Latest news with #NVDA
Business Insider
5 hours ago
- Business
- Business Insider
M&A News: Nvidia (NVDA) Acquires AI Startup CentML
Chipmaker Nvidia (NVDA) has acquired Toronto-based AI startup CentML, according to The Logic, which is a major win for the startup and its investors. Interestingly, LinkedIn profiles show that CentML CEO Gennady Pekhimenko has taken on a senior director role for AI software at Nvidia, while the startup's CTO and COO also joined in managerial positions. In total, at least 15 engineers and two interns from CentML have joined Nvidia this month, the report added. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter It is worth noting that CentML, founded in 2022, focused on helping companies run AI systems more efficiently by optimizing how models use hardware resources. The startup had raised about $30.9 million in venture capital, including a $27 million seed round that Nvidia participated in last year. CentML was also part of Nvidia's accelerator program and had already been collaborating with the tech giant before the acquisition. As a result of the move, the company will stop offering services by July 17, according to a message posted in CentML's Slack channel and on X. Unfortunately, not all CentML employees are making the move to Nvidia, as some roles were cut due to an 'organizational restructuring.' This included CentML dissolving its federal incorporation and re-registering under British Columbia law in early June. Meanwhile, Nvidia continues its upward momentum, with shares gaining nearly 17% year-to-date and rising again on Friday. With a market cap of about $3.78 trillion, analysts at Wedbush believe that Nvidia could hit $4 trillion this year and possibly reach $5 trillion within the next 18 months as the AI boom accelerates. What Is a Good Price for NVDA? Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 35 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $175.28 per share implies 11.6% upside potential.
Yahoo
8 hours ago
- Business
- Yahoo
Nvidia (NVDA) Climbs for Fifth Straight Session, Reclaims Top Market Cap Spot
Nvidia (NVDA, Financials) rose for a fifth straight session Friday, pushing its market value to $3.8 trillion and reclaiming its spot as the most valuable public company. The stock has climbed 66% since April lows, fueled by strong demand for AI chips. Warning! GuruFocus has detected 4 Warning Signs with NVDA. CEO Jensen Huang warned that U.S. export rules effectively shut Nvidia out of China's $50 billion market, saying recent results would have been stronger with access. At the company's shareholder meeting Wednesday, Huang called robotics Nvidia's next big opportunity, citing a future of billions of robots powered by its chips. The segment, including automotive, generated $567 million last quarter. Wedbush's Dan Ives projected Nvidia and Microsoft (MSFT, Financials) could hit $4 trillion in value this summer and $5 trillion in 18 months. Investors are watching for updates on China policy and Nvidia's earnings guidance. This article first appeared on GuruFocus.
Yahoo
8 hours ago
- Business
- Yahoo
Nvidia (NVDA) Climbs for Fifth Straight Session, Reclaims Top Market Cap Spot
Nvidia (NVDA, Financials) rose for a fifth straight session Friday, pushing its market value to $3.8 trillion and reclaiming its spot as the most valuable public company. The stock has climbed 66% since April lows, fueled by strong demand for AI chips. Warning! GuruFocus has detected 4 Warning Signs with NVDA. CEO Jensen Huang warned that U.S. export rules effectively shut Nvidia out of China's $50 billion market, saying recent results would have been stronger with access. At the company's shareholder meeting Wednesday, Huang called robotics Nvidia's next big opportunity, citing a future of billions of robots powered by its chips. The segment, including automotive, generated $567 million last quarter. Wedbush's Dan Ives projected Nvidia and Microsoft (MSFT, Financials) could hit $4 trillion in value this summer and $5 trillion in 18 months. Investors are watching for updates on China policy and Nvidia's earnings guidance. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
14 hours ago
- Business
- Yahoo
Nvidia's stark turnaround is being powered by robots, hyperscalers, and sovereign AI
Nvidia (NVDA) is riding a wave of AI enthusiasm that has sent its stock price soaring to new highs after being battered in the early part of the year on fears of new AI models out of China and tariff threats. On Friday, shares of Nvidia hit $157, up from $94 in April, marking a stunning turnaround for the world's leading AI chip company. The moves can be attributed to a number of factors turning in Nvidia's favor, including the successful ramp of the buildout of its Blackwell chip line, the explosion in interest around so-called sovereign AI, and the company's push into what it calls physical AI, or robotics. Nvidia's Blackwell ramp, the process of building out chips and increasing overall volume, has been a major win for the company. During its GTC Paris event earlier this month, Nvidia said it is now shipping 1,000 Grace Blackwell (GB200) server racks per week and is on track for its transition to its next-generation Blackwell Ultra-powered GB300 servers. Getting its chips and servers out the door as fast as possible has been key for Nvidia, especially after earlier delays as the company began to ramp production of Blackwell chips in late 2024. Nvidia said the GB300 line of chips will be able to slot directly into GB200 servers, which the company claims will make it easier for its customers to upgrade to its latest offerings. Nvidia also continues to benefit from the seemingly insatiable demand for its chips from hyperscalers, including Amazon (AMZN), Google (GOOG, GOOGL), Microsoft (MSFT), Meta (META), and xAI, among others. According to CFO Colette Kress, large cloud service providers accounted for just under 50% of the company's data center sales in its fiscal first quarter. And with hyperscalers expected to spend billions more on their AI buildouts in the coming months, there's little reason to believe that will slow down anytime soon. CEO Jensen Huang is also betting big on the idea of sovereign AI, or AI data centers built in specific countries to power their own AI needs. Huang was on hand during President Trump's visit to the Middle East in May, during which Trump announced that Saudi Arabia and the United Arab Emirates (UAE) will be able to purchase thousands of Nvidia chips for their data centers. One of those projects, the UAE's Project Stargate, could include 100,000 Nvidia GPUs, according to Reuters. Huang also touted sovereign AI plans for Europe during GTC Paris. "The company is establishing AI technology centers in Germany, Sweden, Italy, Spain, UK, and Finland, and working with regional cloud and telco partners in France, UK, and Germany to build new AI datacenters with [tens] of thousands of Grace Blackwell systems and GPUs," Bernstein analyst Stacy Rasgon wrote in an investor note following the event. "They are planning for 20 AI factories to be deployed in Europe, several at gigawatt scale, and sees European compute capacity growing by a factor of 10x over the next 2 years," Rasgon added. Huang and company also continue to push further into physical AI, with the CEO calling it a multitrillion-dollar opportunity. Physical AI is another way of referring to the software and computers needed to power things like humanoid robots and self-driving cars. Nvidia offers both chips and the training information needed to run robots in factories and has been working in the automotive industry for years on self-driving car technologies. But don't expect to have a robot walking around your home anytime soon. Those kinds of bipedal butlers are likely years away from being something you can grab at your local Best Buy. Importantly, Nvidia has managed to shake off fears over the Trump administration's ban on sales of its chips to China. Despite taking a hefty charge on canceled orders, Wall Street analysts are more upbeat on the issue now that the ban is official and they no longer have to question whether one is coming or not. After all, there's comfort in certainty. Of course, Nvidia still faces the prospect of competition from rivals like AMD (AMD). And its own customers, including Amazon, Google, and Microsoft, are building or currently using their own in-house chips to take on Nvidia's offerings, making for a more complicated relationship. For now, however, Nvidia is rolling into summer with the wind at its back. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Business
- Yahoo
Nvidia Stock Is Racing Toward $4 TRILLION. How Should You Play NVDA Here?
Nvidia (NVDA) shares have already printed a new all-time high this week – but a senior Wedbush analyst believes the momentum will only accelerate. According to Dan Ives, unmatched demand for AI chips and continued sovereign investments in artificial intelligence infrastructure could help NVDA become the world's first $4 trillion firm this summer. Dear Nvidia Stock Fans, Watch This Event Today Closely 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Nvidia Could Send This AI Networking Stock 6 Feet Underground Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. At the time of writing, Nvidia stock is up some 80% versus its year-to-date low in early April. Wedbush remains uber bullish on NVDA shares since it sees the chipmaker as 'the foundation of [the] AI revolution.' In his research note, Ives reiterated that artificial intelligence – 'the biggest tech trend' of the 21st century – is still in its early innings only. On Friday, the analyst reiterated his 'Outperform' rating on the AI stock, saying 'they are the only game in town with their chips the new gold and oil.' Wedbush currently has a $175 price target on Nvidia, which indicates potential upside of another 14% from current levels. Nvidia stock remains attractive despite its massive rally since early April mostly because it offers exposure to all verticals of artificial intelligence (hardware and software). That made Jordan Klein, a Mizuho analyst, count NVDA among the 'three horsemen' of the global semiconductor industry (other two being Broadcom (AVGO) and Taiwan Semi (TSM)) in a recent interview with CNBC. Klein recommended sticking with the AI stock as the Nasdaq-listed firm is strongly positioned for 'a big improvement or acceleration in their sequential growth into the back half' of 2025. Nvidia's central role in enabling the AI revolution is keeping the rest of Wall Street constructive on its stock as well. According to Barchart, analysts currently have a consensus 'Strong Buy' rating on NVDA shares with the mean target of nearly $177 indicating potential upside of some 15% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
