Nvidia Trying to Buy Itself Some Growth
On Monday morning Nvidia announced that it would be buying Mellanox, a supercomputer chipmaker, for $6.9 billion. They will be paying in all cash, and I guess investors were quite happy about it. Nvidia’s stock was up 7% today on the news. Mellanox was a hot commodity in the computing and data center space as Microsoft and Intel were apparently bidding for them. They specialize in optimizing workloads on supercomputers, which Nvidia is heavily invested in. The two companies h
Is the Worst Over For Nvidia?
Chip and GPU maker Nvidia released their fourth quarter and fiscal 2018 earnings after the bell Thursday, “beating” analyst estimates. I put beating in quotations because these estimates come after the company lowered its guidance by $500 million in January. The company is still hurting from the crypto decline, inventory back-ups, and the ramp up of an expensive product in the latter half of 2018. Here are the highlights from the report: Revenue of $2.21 billion for the quart