In today's video, I look at my favorite things from NVIDIA's Investor Day presentation. The presentation showed various new projects and products for the company, which drove the stock price up over 5%.
Here are three reasons to watch NVIDIA (NASDAQ:NVDA) after its presentation:
- NVIDIA announced that its first-quarter FY22 revenue is currently tracking over the outlook that it gave last quarter. Its guidance is bullish because the demand for its products is higher than the supply rate.
- NVIDIA has now entered the data center CPU market with its new Grace CPU, based on the ARM platform. NVIDIA is now in the CPU, GPU, and DPU market.
- Autonomous driving was a massive topic during this Investor Day, and NVIDIA presented numerous solutions to help speed up the process for all types of car manufacturers.
Click the video below for my full thoughts.
*Stock Prices used were the Mid-Day prices of April 12, 2021. The video was published on April 12, 2021.