NVIDIA (NASDAQ:NVDA) Q4 2023 EPS $0.88 Beats $0.81 Estimate, Sales $6.05B Beat $6.01B Estimate

/ / Technology /

NVIDIA (NASDAQ:NVDA) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.81 by 8.64 percent. This is a 33.33 percent decrease over earnings of $1.32 per share from the same period last year. The company reported quarterly sales of $6.05 billion which beat the analyst consensus estimate of $6.01 billion by 0.67 percent. This is a 20.84 percent decrease over sales of $7.64 billion the same period last year.

NVIDIA (NASDAQ:NVDA) Q4 2023 EPS $0.88 Beats $0.81 Estimate, Sales $6.05B Beat $6.01B Estimate Read Post »

Nvidia (NASDAQ:NVDA) had revenue of $6.05 billion in Q4 2023, versus analyst expectations of $6.02 billion

/ / Technology /

Nvidia (NASDAQ:NVDA) had revenue of $6.05 billion in the fourth quarter of 2023, versus analyst expectations of $6.02 billion. Data center revenue for the fourth quarter of 2023 was $3.62 billion versus an expected $3.86 billion. Game revenue for the fourth quarter of 2023 was $1.83 billion, versus $1.60 billion. Revenue for the first quarter of 2024 is expected to be plus or minus 2% to $6.50 billion.

Nvidia (NASDAQ:NVDA) had revenue of $6.05 billion in Q4 2023, versus analyst expectations of $6.02 billion Read Post »

Tesla (NASDAQ:TSLA) CEO Elon Musk: The Fremont Gigafactory is expected to produce more than 600,000 vehicles this year

/ / Consumer Discretionary /

Tesla (NASDAQ:TSLA) CEO Elon Musk: The Fremont Gigafactory is expected to produce more than 600,000 vehicles this year. The Fremont Gigafactory is the most produced automotive plant in North America. Musk and California Governor Newsom announced that Tesla’s engineering headquarters were located in Palo Alto.

Tesla (NASDAQ:TSLA) CEO Elon Musk: The Fremont Gigafactory is expected to produce more than 600,000 vehicles this year Read Post »

Luminar (NASDAQ:LAZR): Mercedes-Benz plans to integrate next-generation iris lidar and software technology into production lines by mid-decade

/ / Consumer Discretionary /

Luminar (NASDAQ:LAZR): Mercedes-Benz plans to integrate next-generation iris lidar and software technology into production lines by mid-decade

Luminar (NASDAQ:LAZR): Mercedes-Benz plans to integrate next-generation iris lidar and software technology into production lines by mid-decade Read Post »

Meta Platforms (NASDAQ:META) is planning a new round of layoffs that could affect thousands of employees

/ / Technology /

Facebook parent company Meta Platforms (NASDAQ:META) is preparing for a new round of layoffs, commissioning human resources, lawyers, financial experts and executives to develop plans to shrink the company’s hierarchy, a restructuring and layoffs that could affect thousands of employees. According to a person familiar with the matter, who spoke on condition of anonymity, Meta plans to push some leaders to lower-level positions without direct reporting, flattening the hierarchy of management between Meta CEO Zuckerberg and the company’s interns. As teams grow in size, other managers may end up managing more employees. Some within Meta expect that those employees who are switched jobs will eventually quit, resulting in a reduction in the company’s headcount. (Washington Post)

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Amazon (NASDAQ:AMZN) announced the completion of its acquisition of primary care provider One Medical

/ / Consumer Discretionary /

Amazon (NASDAQ:AMZN) announced on February 22 that it has completed its $3.49 billion acquisition of 1Life Healthcare, the operator of One Medical’s line of primary health clinics. A spokesman for the U.S. Federal Trade Commission said the day before yesterday that the agency would not prosecute in time to stop the deal, but would continue to investigate. One Medical operates more than 200 medical offices in 26 markets in the U.S., and customers pay subscription fees to access their physician and digital health services. After completing the acquisition, Amazon will significantly expand its healthcare business and enter the physical medical clinic segment.

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Nikola (NASDAQ:NKLA) will provide self-driving assistance systems for electric trucks

/ / Industrials /

U.S. new energy truck maker Nikola (NASDAQ:NKLA) said today that it will provide autonomous driving assistance systems for electric heavy-duty trucks starting by the end of next year. The system, called PlusDrive, is similar to the hands-free highway driving system offered by automakers such as Tesla, GM and Ford, but a human driver must be present and focused on the road. The system handles most highway driving tasks and assists human drivers in non-highway situations, including reversing to the unloading dock.

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Bernstein: Tesla, Inc. (Nasdaq:TSLA) giving an “underperform” rating

/ / Consumer Discretionary / ,

Bernstein gives Tesla, Inc. (Nasdaq:TSLA) an “underperform” rating with a $150 price target. Toni Sacconaghi, an analyst at the bank, believes that the most important issue for the company as Tesla enters analyst day is the status of its next-generation low-cost car platform. The agency added that while the market did not expect anything from the launch of the company’s products, details about pricing, availability and, above all, timing were paramount. Bernstein believes that Tesla will not be able to deliver such models in large quantities before 2025, and that it will be difficult for Tesla to achieve 50% sales growth without further reducing the price of existing models.

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