Nvidia (NVDA) investors saw the stock gaining +5.73% the last 5 days, which means it sits at +47.40% YTD.
Let's go through the news around Nvidia this week together.
2. DISCORD ISSUES
3. MAGIC3D - $110B OPPORTUNITY
4. STUDIO NIGHTS
5. QUEST GLOBAL PARTNERSHIP
6. JAPAN 3D AI ADS
7. ANALYST CHANGES
LEGEND: Positive News | Neutral News | Negative News
Sify Technologies is India's first NVIDIA DGX-Ready data center colocation provider.
What does this mean?
Sify will provide colocation services to companies using NVIDIA DGX systems (DGX A100), which are artificial intelligence and deep learning systems designed for high-performance computing.
The Discord app is causing slowdowns for some users that are using Nvidia graphics cards, particularly with gaming.
The issue first came up after a recent Discord app update, and was posted on the Nvidia community forums. There is a temporary fix for this issue right now (outlined on the forums post as well) - but this could be a wider issue with other apps as well. It's unclear why this issue has come up.
As of now, users can follow this guide to fix the issue and continue to allow Nvidia's cards to operate at optimal performance.
There's some brand new AI Tech from Nvidia that can create high resolution 3D models - Magic3D.
This new technology will be able to take in a text input (yes, TEXT!) and magically turn that into a high resolution model that's 3D. This is ideal for many industries who need to model out objects for analysis but don't have the resources or tools to do it today.
Why is this relevant to investors?
Well - analysts predict this segment could grow to over $110B by 2030 - and Nvidia is positioned to capture a huge chunk of this.
Studio Nights is an event coming up from Nvidia to showcase Content Creators using Nvidia to design.
This is a partnership with the Dubai Youth Council and is designed to help recognize use cases for Nvidia Studio Platform and their RTX GPUs. The event is scheduled for February 23rd.
This is a smart marketing initiative from Nvidia to involve the community in their products while showcasing the capabilities of their chips. It's a win-win really!
Nvidia has partnered with Quest Global to bring solutions for the manufacturing and automotive industry by using the Nvidia Omniverse Enterprise platform.
This platform from Nvidia allows companies to create and operate simulations - perfect to testing and optimizing processes.
This will open up doors for new customers to adopt Nvidia as he company plans to utilize Omniverse for product design, robotics training, AI training, and much more for its customers across various industries.
No changes in analyst ratings to report this week for Nvidia.
We look forward to spending a few minutes with you next Sunday for some new Nvidia news!
Disclosure: I am a Nvidia Corp. (NVDA) shareholder at the time of publishing.
