Nvidia Corporation @ 2023-08-16

News Title: Stocks making the biggest moves premarket: Nvidia, Discover Financial, D.R. Horton and more
Description: These are the stocks posting the largest moves in premarket trading.
News Sentiment: 0.25 (Positive)

NVIDIA Corporation

Sector: Technology

Industry: Semiconductors

Full Time Employees: 26196

Website: https://www.nvidia.com

Long Business Summary:

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

Basic Chart

Nvidia Corporation
Nvidia Corporation

Technical Chart

Nvidia Corporation
Nvidia Corporation

Suggested Currency Pair: USD/CAD

The news regarding the strong performance of D.R. Horton Inc., one of the largest home construction companies in the United States, suggests that the housing industry is performing well. This could impact the currency pair USD/CAD, as Canada is also a major player in the housing market. Positive developments in the US housing industry may lead to increased confidence in the Canadian housing market, which could potentially strengthen the Canadian dollar (CAD) against the US dollar (USD).

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