The Latest Breaking News from Nvidia Corp

Baird analyst Tristan Gerra downgraded NVIDIA Corp (NASDAQ:NVDA) to Neutral from Outperform with a price target of $225, down from $360.  The price target implied a downside of 2.7%. Gerra contended that order cancellations recently started in consumer GPUs due to excess inventories, a slowdown in consumer demand and PC demand, and the Russia embargo. Also…

South Korean chipmaker SK Hynix Inc (OTC:HXSCL) CEO admitted to weighing a consortium to acquire British semiconductor company Arm Ltd, Reuters reports citing Yonhap news agency. “I don’t believe Arm is a company that could be bought by one company,” SK Hynix Vice-Chair and co-CEO Park Jung-ho admitted, FX Empire reports. SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) looked…

CNBC host Jim Cramer said he loves Nvidia Corp.’s (NASDAQ: NVDA) stock long-term and views any weakness in the chipmaker’s stock as a chance to buy more of it.

NVIDIA Corp (NASDAQ:NVDA) looked to explore Intel Corp (NASDAQ:INTC) as a foundry for making its chips, Reuters reports citing CEO Jensen Huang.  “They’re interested in us using their foundries. We’re very interested in exploring it,” Huang said. However, foundry discussions take a long time as it’s about integrating supply chains and not like “buying milk.”…

Kroger Co (NYSE:KR) has entered into a strategic collaboration with NVIDIA Corp (NASDAQ:NVDA) for Artificial Intelligence-enabled applications and services. The parties will build a state-of-art AI lab and demonstration center to expand Kroger's freshness initiatives and improve shipping logistics. The lab will be located in Kroger's Cincinnati-based headquarters office. It will use NVIDIA AI Enterprise software…

Nvidia Corp on Tuesday announced several new chips and technologies that it said will boost the computing speed of increasingly complicated artificial intelligence algorithms, stepping up competition against rival chipmakers vying for lucrative data center business. Nvidia's graphic chips (GPU), which initially helped propel and enhance the quality of videos…

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports. TSMC's advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp (NASDAQ:NVDA), Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), and Tesla Inc (NASDAQ:TSLA).  TSMC commanded a more than 90% share of the 7/5nm…

SoftBank Group Corp(OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd looks to slash 15% of its workforce as it prepares for its initial public offering, Bloomberg reports. Arm aims to trim 12% - 15% of U.K. staff to control spending and focus on fewer projects. Also Read: SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans, US Joins…

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers. Intel CEO Pat Gelsinger…