NVIDIA (NVDA) and Foxconn to build 'AI factories'

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October 18, 2023 10:03 AM EDT

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NVIDIA (NVDA) PT Lowered to $600 at Morgan Stanley

October 18, 2023 8:47 AM EDT

Morgan Stanley analyst Joseph Moore lowered the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $630.00) while maintaining a Overweight rating.... More

Analysts lower targets on Nvidia stock after a 'significant setback'; Shares fall

October 18, 2023 5:46 AM EDT

Nvidia (NASDAQ: NVDA) shares have continued to move lower in response to the United States governments decision to restrict the export of advanced chips to China.

Shares fell 1.5% in early Wednesday trade after previously losing 4.7% on Tuesday.

In a regulatory filing, Nvidia highlighted the possibility of export controls affecting its ability to complete product development in a timely manner. Moreover, these controls could potentially disrupt support for existing customers of affected products and their supply to regions impacted by these restrictions, the... More

NVIDIA (NVDA) Partners With Foxconn to Build Factories and Systems for AI

October 18, 2023 5:10 AM EDT

NVIDIA (NASDAQ: NVDA) today announced that it is collaborating with Hon Hai Technology Group (Foxconn) to accelerate the AI industrial revolution.

Foxconn will integrate NVIDIA technology to develop a new class of data centers powering a wide range of applications including digitalization of manufacturing and inspection workflows, development of AI-powered electric vehicle and robotics platforms, and a growing number of language-based generative AI services.

Announced in a fireside chat with NVIDIA founder and CEO Jensen Huang and Foxconn Chairman and CEO Young Liu at Hon Hai Tech Day, in Taipei, the... More

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October 18, 2023 5:00 AM EDT

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BofA on impact of US restrictions on NVIDIA (NVDA): Bear case FY25E 5-10% sales, 8-12% EPS downside

October 18, 2023 4:57 AM EDT

BofA Securities analyst Vivek Arya reiterated a Buy rating on NVIDIA (NASDAQ: NVDA).

"NVDA noted broadening US export restrictions would have limited near-impact on financials, as the company can re-allocate capacity to other hyperscalers. Long-term, China is ~15% of hyperscaler capex, and... More

NVIDIA (NVDA) PT Lowered to $575 at Citi

October 18, 2023 3:41 AM EDT

Citi analyst Atif Malik lowered the price target on NVIDIA (NASDAQ: NVDA) to $575.00 (from $630.00) while maintaining a Buy rating.... More

Foxconn and Nvidia team up to build 'AI factories'

October 17, 2023 10:35 PM EDT

By Sarah Wu and Ben Blanchard

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, will build a new kind of data centre using Nvidia chips and software for a range of applications including self-driving cars, the companies said on Wednesday.

Sharing a stage at Foxconn's annual tech showcase in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies would build these "AI factories" together.

"A new type of manufacturing has emerged - the production of intelligence. And the data centres that produce it are AI factories," Huang said,... More