The above restrictions have closely followed last month’s announcement in which the White House blocked NVDA from exporting high-end graphics chips to China due to similar concerns. The companies must now obtain a license from the Commerce Department to export advanced chips and chip-making equipment. On October 7, new restrictions were imposed on chipmakers, including NVDA, to prevent technology from advancing China’s military power. NVIDIA Corporation ( NVDA ) provides graphics, computation, and networking solutions globally.
Hence, we think quality technology stocks Cisco (CSCO) and Hackett Group (HCKT) are better investments than NVDA. However, the broader technology market is expected to endure short-term uncertainties and keep growing due to continued digitization. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.Semiconductor companies, such as NVIDIA Corporation (NVDA), are struggling amid the market downturn, export restrictions, and slowing demand. It has a strategic collaboration with Kroger Co. 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. The company's products are used in gaming, professional visualization, datacenter, and automotive markets.
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 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. NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.
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