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Apple Supplier NXP May Beat Tesla Partner Nvidia To Autonomous Car

Apple ( AAPL ) chip supplier NXP Semiconductors ( NXPI ) batted the iPhone slowdown Monday by unveiling a radar, lidar and vision-sending engine that could beat Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) to the autonomous-car punch. The product platform was revealed during NXP’s annual user forum in Austin, Texas, and comes as Nvidia stock has hit record highs the past two trading days on Wall Street after reporting eye-popping Q1 earnings after the close Thursday. Nvidia touted its machine-learning sales for the Q1 beat. Machine-learning, analysts and companies say, will be essential to creating safe, fully autonomous vehicles. NXP’s BlueBox engine incorporates “embedded intelligence and machine-learning required for complete situation assessments,” the company says. On the stock market today , NXP stock rose 2.3%, following its BlueBox announcement, to 84.97, putting it up a fraction for the year. Shares had hit a 19-month low during the February dip that hurt most Apple suppliers. Apple’s iPhone shipment decline has chip investors worried about the next semiconductor frontier, as smartphone sales hit the brakes. But NXP CEO Rick Clemmer recently told IBD that 40% of his company’s revenue stem from automotive sales. For its Q1 ended April 3, 21% of NXP’s sales stemmed from its smartphone segment. The BlueBox engine uses NXP silicon and software at each advanced driver assistance system (ADAS) node and incorporates radar, lidar and vision-sensing to complete a 360-degree world model around the vehicle. “This functionality greatly improves car safety by both managing and preventing emergency situations,” NXP says. And “unlike closed systems focused only on vision and other single-sensor data streams, the NXP BlueBox engine for autonomous vehicle is an open-source platform.” Programmers can customize BlueBox to their specifications, NXP says. The product already is in hands of customers of four of the world’s top five carmakers, NXP says. It has been shipping since September but now is broadly available.

Why You Should Be Taking Profits On Tesla Supplier Nvidia’s Stock

Tesla ( TSLA ) chip supplier Nvidia ( NVDA ) is flying to a new all-time high in the stock market today on the heels of its estimate-beating quarterly report late Thursday. The marker of graphics chips for the auto and gaming markets said Q1 EPS jumped 38% while sales climbed 13%. Its guidance also was well above forecasts. Nvidia received several upgrades and price target hikes from analysts after the report. Shares gapped up 13.9% in giant volume, hitting a fresh high and clearing the 20% profit-taking zone. Nvidia initially cleared a cup-with-handle buy point of 33.16 about a month ago, and briefly pulled back to find support at the 50-day line ahead of the report. Meanwhile, Tesla is trading at two-month lows, about 27% below its 52-week high. Shares were up 0.8% intraday Friday. The stock got knocked from recent highs as analysts felt Tesla’s 2018 production target was too lofty. But Evercore defended the luxury electric carmaker Thursday, saying the production target is achievable. And Tesla partner Mobileye ( MBLY ), which makes advanced driver-assistance systems, said Thursday it has made deals with two unnamed automakers to create fully autonomous cars by 2019. Aside from Tesla, General Motors ( GM ), Ford ( F ) and Alphabet ( GOOGL )-owned Google are also working on self-driving technology. Mobileye breached its 50-day line last week after the company’s quarterly earnings report, though it beat views. The stock is looking to retake that level in Friday’s session, rising 2%. Shares are now about 42% below their high reached last August.

Tesla Partner Nvidia Smashes Q1 Views On ‘Sweeping’ AI Adoption

Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) rocketed late Thursday after the maker of graphics chips beat Q1 sales expectations and topped earnings views by a penny, led by faster adoption of artificial intelligence technology that utilizes Nvidia graphics chips. In after-hours trading after its earnings release, Nvidia stock was up nearly 6%, rebounding from a 1.4% dip, to 35.57, in the regular session. Shares are up 8% for the year. For Q1, Nvidia reported $1.3 billion in sales and 33 cents earnings per share, up a respective 13% and 38% vs. the year-earlier quarter, and topping the consensus of 26 analysts polled by Thomson Reuters for $1.26 billion and 32 cents. CEO Jen-Hsun Huang credited accelerated growth of deep-learning, or AI, technology for the Q1 beat. “Accelerating our growth is deep learning, a new computing model that uses the GPU’s (graphics processing unit) massive computing power to learn artificial intelligence algorithms,” he said in the company’s earnings release. “Its adoption is sweeping one industry after another, driving demand for our GPUs.” Nvidia’s soon-to-be-released Pascal chip will continue that drive, he said. “Our new Pascal GPU (graphics processing unit) architecture will give a giant boost to deep learning, gaming and VR (virtual reality),” he said. “Pascal processors are in full production and will be available later this month.” Nvidia competes against  Advanced Micro Devices ( AMD ) in the graphics-chip market. Their GPUs are installed in computers running the VR tech to process images for gaming headsets like Facebook ( FB )-owned Oculus Rift. Its chips are used in some displays in Tesla’s electric cars. For the current quarter, Nvidia expects $1.35 billion in sales, plus or minus 2%, which would be up 17% at the midpoint vs. the year-ago quarter. Nvidia didn’t offer an earnings view, but Wall Street consensus models 33 cents.