Nasdaq NVDA Nvidia

Noteworthy Wednesday Option Activity: NVDA, ACN, RL

4 years 7 months ago
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NVIDIA Corp (Symbol: NVDA), where a total volume of 73,102 contracts has been traded thus far today, a contract volume which is representative of approximately 7
BNK Invest

iShares Russell 1000 Growth ETF Experiences Big Outflow

4 years 7 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $433.4 million dollar outflow -- that's a 0.7% decrease week ove
BNK Invest

3 Top Tech Stocks To Watch This Week

4 years 7 months ago
Are These The Best Tech Stocks To Buy In January? 3 Names To KnowTech stocks continue to dominate the stock market even as we enter the second week of 2021. With pandemic tailwinds carrying on from the previous year this is expected. Given the wide application of technology in th
StockMarket.com

Why Nvidia and AMD Stocks Rose Today

4 years 7 months ago
What happenedShares of Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) climbed on Monday following the release of preliminary results from International Data Corporation's Worldwide Quarterly Personal Computing Device Tracker.
The Motley Fool

Consumer Sector Update for 01/11/2021: RIDE,SMG,ODP,NIO,NVDA

4 years 7 months ago
Consumer stocks extended their Monday decline this afternoon, with the SPDR Consumer Staples Select Sector ETF dropping 0.9% while the SPDR Consumer Discretionary Select Sector ETF was sinking 2.0% in late trade.In company news, Lordstown Motors (RIDE) was rolling to a nearly 24%
MTNewswires

Consumer Sector Update for 01/11/2021: SMG,ODP,NIO,NVDA

4 years 7 months ago
Consumer stocks were declining Monday afternoon, with the SPDR Consumer Staples Select Sector ETF dropping 0.5% while the SPDR Consumer Discretionary Select Sector ETF was sinking 1%.In company news, Scotts Miracle-Gro (SMG) fell 2% after the garden products company Monday said c
MTNewswires

Nasdaq 100 Movers: PDD, NVDA

4 years 7 months ago
In early trading on Monday, shares of NVIDIA topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.4%. Year to date, NVIDIA registers a 6.1% gain.
BNK Invest

My Favorite Video Game Stocks for 2021

4 years 7 months ago
The video game industry is surging with sales estimated to have increased by 20% in 2020. There are plenty of trends to keep growth going, including interest in new consoles, live game streaming, and upcoming releases from top game companies.Game sales are expected to reach $218
The Motley Fool

Nio Teams Up With Nvidia For Electric Vehicle Push; Street Sees 15% Downside

4 years 7 months ago

Chinese electric vehicle company Nio has teamed up with Nvidia to develop a new generation of automated driving electric vehicles.

Under the terms of the partnership, Nio (NIO) will deploy Nvidia’s Drive Orin system-on-a-chip (SoC) for its new generation of electric vehicles, to offer advanced automated driving tools.

At its annual event on Jan. 9, Nio unveiled the Nvidia (NVDA) Drive Orin-powered supercomputer, dubbed Adam, which is scheduled to first appear in the ET7 sedan that will be introduced in China starting in 2022. According to Nvidia, Orin is the world’s highest-performance AV and robotics processor. The supercomputer-on-a-chip family can process 254 trillions of operations per second (TOPS).

As the first of Nio’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150 kilowatt battery for extended mileage range.

“The cooperation of Nio and Nvidia will accelerate the development of autonomous driving on smart vehicles,” said Nio CEO William Li. “Nio’s in-house developed autonomous driving algorithms will be running on four industry-leading Nvidia Orin processors, delivering an unprecedented 1000+ TOPS in production cars.”

Nio added that Adam signals a major milestone in bringing automotive intelligence and autonomous driving to market, safely and reliably. “With a centralized, software-defined computing architecture, Nio’s next-generation EVs, like the ET7 sedan, will feature the latest AI-enabled capabilities, which are perpetually upgradable after the point of sale,” the EV maker said.

Shares in Nio have exploded 1,607% over the past year, while the stock still scores a Moderate Buy analyst consensus. That’s with an average analyst price target of $50.20, which implies 15% downside potential over the coming 12 months.

Ahead of Nio’s annual day, Deutsche Bank analyst Edison Yu said that the new sedan will likely be aimed at “the mid-size premium segment” and will be the first Nio vehicle to be built on the EV maker’s next generation NP2 platform.

Yu, who reiterated a Buy rating on the stock with a $50 price target, said that he expected the new battery swapping tech to be “faster and cheaper than current stations.” (See Nio stock analysis on TipRanks)

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