|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||124.83 - 124.95|
|52-week range||96.18 - 124.95|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||27.18|
|Earnings date||22 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||132.50|
Long gone are the days of NVIDIA (NASDAQ: NVDA) the "video game company." In the graphics processing unit (GPU) pioneer's first quarter of fiscal 2021 (the three months ended April 26, 2020), another segment was nearly as large as video games: data centers. With the long-awaited purchase of Mellanox closing on the first day of Q2, data centers could wind up being the largest reporting segment at NVIDIA from this point forward.
NVIDIA (NASDAQ: NVDA) reported robust fiscal first-quarter 2021 results after the market close on Thursday, May 21. The graphics processing unit (GPU) specialist's revenue jumped 39% year over year to $3.
Nvidia today announced its plans to acquire Cumulus Networks, an open-source-centric company that specializes in helping enterprises optimize their data center networking stack. With Cumulus Express, the company also offers a hardware solution in the form of its own data center switch.
Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced preliminary financial results for its first quarter 2020.
Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will issue its financial results via press release for the first quarter 2020 after the market closes on Thursday, April 23, 2020. As announced on March 11, 2019, NVIDIA Corporation intends to acquire all the issued and outstanding common shares of Mellanox for $125 per share in cash. Due to the pending acquisition, Mellanox will not hold an earnings conference call and has suspended the practice of providing forward-looking guidance.
(Bloomberg) -- Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp. was approved by the Committee on Foreign Investment in the United States, a small step forward for deals in an industry where regulatory and security concerns have stalled consolidation. Shares of both companies surged.“CFIUS has completed its review of Cypress’s previously announced merger transaction with Infineon Technologies AG and determined that there are no unresolved national security concerns,” Cypress said in a statement Monday. Infineon, based in Munich, also confirmed the approval.The combination still needs sign-off from China’s State Administration for Market Regulation, the companies said.“The most critical hurdle to overcome was CFIUS,” said Holger Schmidt, an analyst at Metzler. “While China pretty much killed the Qualcomm/NXP deal it is important to remember that was in the midst of the trade war between the US and China.” Schmidt added he’s “cautiously optimistic” that the Infineon deal will be approved.Shares of San Jose, California-based Cypress surged more than 40% in extended trading following the announcement. Infineon rose 2.4% to 16.19 euros at 9:09 a.m. in Frankfurt on Tuesday after earlier gaining as much as 6.2%.Semiconductor deals have slowed in recent years because of a U.S.-China trade war and concern among some American policy makers that China is pursuing illicit means to acquire key technology. The attempt to buy Cypress by a German company is seen as a important test of how far the Trump administration is willing to go to curb China’s ambitions. Bloomberg News reported last week that some U.S. national security officials had recommended that President Donald Trump block the transaction.Still, Trump has made some conciliatory statements recently. In a string of tweets last month, the President said that he wants to make it easy for other countries, including China, to do business with the U.S. and keep the lines of trade open.Other industry deals are still in limbo. Santa Clara, California-based Nvidia Corp. is waiting for Chinese approval of its acquisition of Israel’s Mellanox Technologies Ltd. Nvidia executives have said that they expect the transaction to close in the first half of this year. But investors are still concerned that geopolitics may stifle such consolidation.Qualcomm Inc. decided to scrap its $44 billion bid for rival chipmaker NXP Semiconductors NV in 2018 after an almost two-year wait for approval.To contact the reporters on this story: Ian King in San Francisco at firstname.lastname@example.org;Sarah Syed in London at email@example.comTo contact the editors responsible for this story: Alistair Barr at firstname.lastname@example.org, ;Giles Turner at email@example.com, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that customer shipments of SN4000 Ethernet switches have commenced. The SN4000 family is powered by Mellanox Spectrum®-3 - the world’s best performing, most scalable, and most flexible 12.8 Tbps Ethernet switch ASIC, which is optimized for Cloud, Ethernet Storage Fabric, and AI interconnect applications. SN4000 platforms come in flexible form-factors supporting a combination of up to 32 ports of 400GbE, 64 ports of 200GbE and 128 ports of 100/50/25/10GbE. The SN4000 platforms complement the 200/400GbE SN3000 leaf switches to form an efficient and high bandwidth leaf/spine network.
Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end smart interconnect solutions for data center servers and storage systems, today announced that it has reached a definitive agreement to acquire privately held Titan IC, the leading developer of network intelligence (NI) and security technology to accelerate search and big data analytics across a broad range of applications in data centers worldwide. The acquisition will further strengthen Mellanox’s network intelligence capabilities delivered through the company’s advanced ConnectX and BlueField families of SmartNIC and I/O Processing Unit (IPU) solutions. Titan IC’s world class team in Belfast, Northern Ireland will become the center of advanced network intelligence research and development for Mellanox.
(Bloomberg) -- Nvidia Corp. gave a strong revenue forecast for the current period, spurred by increasing demand for data-center and gaming chips.Revenue will be $3 billion, plus or minus 2%, in the fiscal first quarter, the Santa Clara, California-based company said Thursday in a statement. That compares with an average analyst estimate of $2.84 billion. Gross margin, or the percentage of sales remaining after deducting the cost of production, will be 65%, plus or minus 50 basis points.After slowing investment in their infrastructure last year, owners of the giant data centers that power internet services are spending again, including increasing their deployments of graphics chips used to boost artificial intelligence calculations. Nvidia, the biggest maker of graphics chips used in gaming personal computers, has adapted its technology for the AI market, creating a new multibillion-dollar business. Chief Executive Officer Jensen Huang said the use of such computing is spreading, making growth less reliant on the spending plans of a handful of companies.“It’s not just about hyperscalers any more, it’s about startups and industry,” Huang said in an interview. “I’m very confident that the future of computing will involve accelerated computing.”Nvidia shares rose about 8% in extended trading following the report. Earlier, they closed at $270.78 in New York. The stock has jumped 77% in the past 12 months.Huang has built Nvidia into one of the most valuable tech companies by finding new customers for gaming chips. The ability of these components to do calculations in parallel makes them useful for AI workloads and, potentially, self-driving vehicles.The majority of the company’s sales still comes from PC gaming, where Nvidia’s graphics chips create the most realistic experiences. Top-of-the-line GeForce parts cost more than many consumers spend on a whole PC.Profit in the fiscal fourth-quarter was $950 million, or $1.53 a share, compared with $567 million, or 92 cents a share a year earlier. Revenue surged 41% to $3.1 billion and profit excluding certain costs was $1.89 a share in the period ending Jan. 26, the company said. Analysts, on average, had predicted earnings of $1.66 a share on sales of $2.96 billion, according to data compiled by Bloomberg.Gaming sales in the quarter jumped 56% from the same period a year earlier to $1.49 billion. Nvidia’s Data Center unit contributed $968 million, a gain of 43%, according to a presentation posted on its website. Automotive-related sales were flat.The company said it is likely to close the acquisition of Mellanox Technologies Ltd. in the “early part of calendar 2020.” Discussions with Chinese regulators about the transaction are progressing, it added. Share buybacks will resume after the completion of the deal, Nvidia also said.(Updates with new CEO comment in fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Mellanox (MLNX) delivered earnings and revenue surprises of 40.85% and 14.68%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
NASA and Hewlett Packard Enterprise (HPE) have teamed up to build a new supercomputer, which will serve NASA's Ames Research Center in California and develop models and simulations of the landing process for Artemis Moon missions. The new supercomputer is called "Aitken," named after American astronomer Robert Grant Aitken, and it can run simulations at up to 3.69 petaFLOPs of theoretical performance power.