In addition to AMD, its competitors include Intel, Qualcomm and AI-accelerator companies such as Graphcore. The company had revenue of 6.70 billion for the quarter, compared to analyst estimates of 6.70 billion. The computer hardware maker reported 0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of 0.33 by 0.01. More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. NVIDIA last released its quarterly earnings results on August 24th, 2022. They are deployed in supercomputing sites around the world.
In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear). Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. According to our current NVDA stock forecast, the value of NVIDIA Corp shares will drop by -15.66 and reach 98.76 per share by October 17, 2022. Nvidia is a global leader in artificial intelligence hardware and software.
It is a software and fabless company which designs graphics processing units, application programming interface for data science and high-performance computing as well as system on a chip units for the mobile computing and automotive market. NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.
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