Nvidia Crushed Earnings Estimates. Its Stock Is Slipping

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Kubota taps Nvidia tech for smart-farming autonomous tractors

OSAKA — Kubota has partnered with U.S. chipmaker Nvidia to develop highly sophisticated self-driving farm tractors, the Japanese machinery maker said Tuesday.

The tractors will be equipped with Nvidia graphics processing units and artificial intelligence, coupled with cameras to instantly process collected data.

The farming technology is expected to provide a labor-saving solution that will help address the shortage of workers in Japan’s agricultural industry.

Kubota launched the Agrirobo line of tractors in 2017. Although the tractors can run autonomously using radar to ascertain surroundings, they require human supervision and they do not use AI.

The technology developed through the partnership with Nvida looks to attain complete autonomy. To improve safety and functionality, the tractors require high-tech cameras to collect and analyze image data.

Nvidia’s GPU and AI will be adopted to minutely analyze weather data and crop conditions.

Japan’s aging society has led to a labor crunch in the farm industry. Smart farming has become a pressing issue amid the need to curb labor costs.

Kubota’s rivals, such as Deere & Co. in the U.S., are adding driverless technology to their equipment. Major automakers are collaborating with Nvidia, but such a partnership in the agricultural sector is still uncommon.

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Costco, SeaWorld, Beyond Meat, Nvidia & more

Customers wearing face masks leaving a Costco Wholesale store on July 16, 2020 in Pembroke Pines, Florida.

Johnny Louis | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Tuesday:

Piper Sandler raised its price target on Beyond Meat to $178 from $130

Piper Sandler said raised its price target on Beyond Meat after concluding from its latest teen survey that the alternative meat company is becoming a “rapidly growing space” for teens and young people.

“Our latest Piper Sandler Teen Survey included questions on plantbased meat, which gives us color on consumer preferences in the rapidly growing space. Of the teens surveyed, 47% either consume or are open to consuming plant-based meat, in-line with our prior survey that found an inverse relationship between age and interest in consuming plant-based meat. This suggests plant-based eating is more on-trend with younger consumers, which could drive growth over time as consumers age.”

Read more about Piper’s teen survey here and here.

RBC upgraded Northrop Grumman to outperform from sector perform

RBC said in its upgrade of the Northrop Grumman that it sees a “compelling” risk/reward.

“The combination of the recent [Air Force] Ground Based Strategis Deterrent initial contract award, which should level set expectations, and the stock’s 3Q underperformance sets up a compelling risk/reward profile for this blue-chip defense pure play, in our view.”

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Nvidia lays out plan to create new kind of data center chip

Nvidia Corp on Monday laid out a multi-year plan to create a new kind of chip for data centers, aimed at siphoning off more functions from its chief rival Intel Corp .

FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu

REUTERS: Nvidia Corp on Monday laid out a multi-year plan to create a new kind of chip for data centers, aimed at siphoning off more functions from its chief rival Intel Corp .

Models with limited features will debut in months, while full-fledged versions are planned within two years, Nvidia said in a press briefing. Server companies such as Dell Technologies and Lenovo Group Ltd plan to integrate them into their machines, it added.

Nvidia chips have long been used to improve video game graphics, but in recent years they have helped to speed up artificial intelligence tasks such as image recognition. The chips typically sit alongside an Intel central processor, offloading some of the computing work.

Nvidia is now seeking to grab more tasks with its proposed series of “data processing unit” chips. They will combine networking technology acquired with Nvidia’s US$6.9 billion purchase of Mellanox Technologies Ltd, with artificial intelligence and computing power from Arm Ltd. Nvidia last month agreed to buy Arm from SoftBank Group Corp for US$40 billion.

Using artificial intelligence, the chips could detect hackers trying to break into a data center, said Manuvir Das, Nvidia’s head of enterprise computing, in the briefing. The chips would review network traffic for unusual patterns and seek to block it proactively.

Previously such functions would have required a combination of chips.

(Reporting by Stephen Nellis in San Francisco; Editing by Richard Chang)

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Nvidia acquires UK chip giant Arm for $40 billion

  • Nvidia said the acquisition could form the world’s premier computer company for the age of AI
  • However, there are concerns the buyout could endanger Arm’s licensed technology business model 

Nvidia has announced the acquisition of the UK chipmaker Arm for US$40 billion from SoftBank.

The deal represents a record for the semiconductor industry.

The UK’s largest tech company with 6,000 employees, Arm’s semiconductor technology powers everything from home electronics made by Apple and Samsung, and an increasing amount of Internet of Things (IoT) devices used in the industry. 180 billion chips have been shipped to-date by Arm licensees since its founding in 1990.

“It’s a company with reach that’s just unlike any company in the history of technology,” Nvidia Chief Executive Officer Jensen Huang said in an interview with Bloomberg. “We’re uniting Nvidia’s leading AI computing with Arm’s vast ecosystem.”

Nvidia said the acquisition will create the world’s premier computing company for the age of AI (artificial intelligence).

“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Huang in a statement.

“In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI.”

Nvidia has established its modern business in selling Graphics Processing Units (GPUs) to data centers, dominating an emerging market outside of its original core in gaming. GPUs outpace CPUs in processing power, enabling new applications in artificial intelligence by speeding up image recognition and language processing.

However, Nvidia says data centers and clouds are “clamoring for the Arm microprocessor, the ARM CPU,” Huang told Forbes. “Energy efficiency directly translates to computing capacity, computing throughput, and the cost of provisioning service.”

Outside of data centers, through the acquisition of Arm, Nvidia is also ensuring its technology rides a growing wave of endpoint AI, whether in “the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT,” according to Huang.

Arm will keep its Cambridge digs and “continue to operate its open-licensing model while maintaining its global customer neutrality,” while Nvidia said it will invest in a new AI research facility. However, the firm’s co-founder Hermann Hauser called the deal a “disaster”, pointing to the potential loss of UK jobs and tech power, as well as recent trade decisions made by the US.

“If ARM becomes a US subsidiary of a US company, it falls under the Cfius [Committee on Foreign Investment in the United States] regulations,” Hauser told the BBC.

“[That] means that if hundreds of UK companies that incorporate ARM’s [technology] in their products, want to sell it, and export it to anywhere in the world including China — which is a major market — the decision on whether they will be allowed to export it will be made in the White House and not in Downing Street.”

Hauser has previously called Arm “the Switzerland of the semiconductor industry” due to its neutral relations with hundreds of partners. Unlike firms like Intel, Arm doesn’t manufacture and sell its own chips — instead, it licenses its own intellectual property for a fee.

“Arm and NVIDIA share a vision and passion that ubiquitous, energy-efficient computing will help address the world’s most pressing issues from climate change to healthcare, from agriculture to education,” said Simon Segars, CEO of Arm, on the announcement.

“Delivering on this vision requires new approaches to hardware and software and a long-term commitment to research and development. By bringing together the technical strengths of our two companies we can accelerate our progress and create new solutions that will enable a global ecosystem of innovators. My management team and I are excited to be joining NVIDIA so we can write this next chapter together.”

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