Category Archives: oud

Nvidia Targets ‘Deep Learning’ As ‘Big Deal,’ Says CEO At GPU Event

SAN JOSE, Calif. — As  Nvidia ( NVDA ) CEO Jen-Hsun Huang stood gazing at the Martian surface — a virtual reality simulation, of course — he talked about a future for the company that investors should look forward to. Or so he says. At the company’s annual GPU Technology Conference, which started here Tuesday, Huang in the opening keynote address told attendees that Nvidia’s focus will be even more centered around its core GPU (graphics processing unit) technology. GPUs provide graphics on computers, in video games and in various other applications. Nvidia competes mostly with Advanced Micro Devices ( AMD ) in this field, but No. 1 chipmaker Intel ( INTC ) is among other rivals. Huang said the company’s key markets will be virtual reality, autonomous cars and artificial intelligence, including chips for drones and deep learning. “Deep learning is no longer just an app, not just a field,” Huang said.”We think this is so important, we think this is going to utterly change computing. We think it’s a big deal.” He described such applications as algorithms plus massive amounts of data and computing power. Nvidia stock was up a fraction, near 36, in afternoon trading on the stock market today . The company has the highest possible IBD Composite Rating of 99, meaning it’s performing among the top 1% of all stocks in such metrics as sales and earnings growth, and stock performance. Nvidia stock broke out of a cup-with-handle base at 33.16 on March 16 and is now up 8.5%, so it’s a bit extended.

Disney Leads 3 Big-Name Media Stocks Making Notable Moves

Loading the player… Let’s take a look at three media-related stocks making notable moves Tuesday: Walt Disney ( DIS ), Twitter ( TWTR ) and Netflix ( NFLX ). Disney was dropping more than 2% in heavy trade on the stock market today after announcing late Monday that Chief Operating Officer Thomas Staggs will be leaving his current position, effective May 6. He’ll stay on as special advisor to the CEO through the fiscal year, which ends in October. But investors are concerned because Staggs was set to take over the chief executive position from Robert Iger in two years. The gap down came in big volume and sent shares back to their 50-day line, where the stock is now trying to find support. Disney is trying to recover from a steep decline, triggered by ESPN subscriber losses, which put shares nearly 30% below their November peak. The stock is now trading about 20% below its high reached last August. Twitter To Stream NFL Games Twitter won rights to live-stream 10 Thursday Night Football games, which will also be broadcast on network TV channels. Verizon ( VZ ), Yahoo ( YHOO ) and Amazon ( AMZN ) were bidding for the rights too, according to Bloomberg. Facebook ( FB ) also had a bid but pulled it last week. Twitter shares were trading slightly higher in heavy turnover. The stock initially rose and then reversed lower in choppy action. Shares were able to retake the downward-sloping 50-day line in Monday’s session and were trying to find support there Tuesday. Twitter is 67% below its 52-week high. Meanwhile, Facebook rose fractionally intraday, Amazon and Verizon fell less than 1%, and Yahoo lost 1.9%. Netflix Reports Earnings Soon Netflix is due to report its first-quarter results in less than two weeks, on April 18. Analysts expect earnings to drop 64% as costs rise. Revenue is projected to increase by 25%. In May, the price of a Netflix subscription will go up by $2. UBS said in a report Monday that the price hike will translate to a low churn of 3% to 4% over the second and third quarters, as Netflix has strong pricing power. The analyst sees a total of 450,000 net U.S. subscriber additions in Q2. Netflix is rising 0.2% in above-average volume, but it’s still hitting resistance at its 200-day line. Shares lost support at that level around the time of Netflix’s last quarterly report. The stock is trading 21% below its December high. Image provided by Shutterstock .

GoDaddy Shares Fall On Stock Offering By KKR, Silver Lake

GoDaddy ( GDDY ) stock fell after the web-hosting and domain registration firm announced a proposed class A common stock offering of 16.5 million shares. Selling stockholders include entities affiliated with big investment firms Kohlberg Kravis Roberts & Co . ( KKR ), Silver Lake Partners and Technology Crossover Ventures, as well as YAM Special Holdings. GoDaddy said YAM Special Holdings, formerly known as the Go Daddy Group, is owned by its founder, Bob Parsons, as well as company officers and employees. GoDaddy said it will not receive any proceeds from the share sales. GoDaddy stock was down 7.5% in midday trading in the stock market today . Shares in Scottsdale, Ariz.-based GoDaddy are down more than 6% in 2016 so far, but they have gained roughly 50% since GoDaddy’s  initial public offering  a year ago. GoDaddy’s core business is selling and managing Internet domain names. It has expanded into website hosting services for small businesses and cloud computing services. GoDaddy garners one-fourth of its revenue from outside the U.S. GoDaddy has an IBD composite rating of 73 out of a possible 99.