All articles tagged with #accelerated computing
Originally Published 1 month ago — by NVIDIA Newsroom
NVIDIA and Synopsys have announced a strategic partnership involving a multiyear collaboration and a $2 billion investment by NVIDIA to integrate AI and GPU-accelerated computing into engineering solutions, aiming to revolutionize design, simulation, and verification processes across various industries through digital twins, agentic AI, and cloud solutions.
Originally Published 2 years ago — by MarketWatch
TD Cowen analyst Matthew Ramsay has named Nvidia Corp. as his top chip stock pick for 2024, citing the company's position as the leader in the AI revolution and its accelerating product roadmap. Ramsay believes Nvidia's data-center business will continue to see explosive growth, driven by its suite of superior technologies and extensive investments in AI. He also notes that Nvidia's ability to sustain demand through 2025 and beyond is underappreciated by investors. Ramsay has an outperform rating and a $700 target price on Nvidia shares.
Originally Published 2 years ago — by Yahoo Finance
NVIDIA Corporation (NVDA) shares have nearly tripled year-to-date, driven by unprecedented growth in demand for its data center chips. The Baron Opportunity Fund highlighted NVIDIA as a leading semiconductor company that sells chips and software for accelerated computing and gaming. NVIDIA reported revenue of $13.5 billion in the second quarter and guided for another increase in the third quarter to $16 billion. The company is at the forefront of a new era of computing, with its CEO stating that the world is transitioning from general-purpose computing to accelerated computing and generative AI. NVIDIA is currently in the 17th position on the list of 30 most popular stocks among hedge funds.
Originally Published 2 years ago — by MarketWatch
Nvidia stunned Wall Street with a forecast of $16 billion in revenue for the current quarter, driven by the surge in demand for its data-center chips that power artificial intelligence applications. This projection, almost double its previous top-line record, may not even be the company's peak, as it has visibility into strong orders through 2024. Nvidia's decades of work in accelerated computing and AI are paying off, and it believes its end-to-end data-center solution is not easily replicable. While there are concerns about sustainability and competition, Nvidia remains confident in the long-term industry transition towards accelerated computing and generative AI.