Nvidia Lower on Muted Data Center Outlook After Solid Q3

Nvidia Corp.  (NVDA) – Get Report shares slipped lower Thursday after the chipmaker said capacity issues, as well as waning demand, would trim near-term revenue growth in two of its key business sectors. 

Nvidia posted overall third quarter revenues of $4.73 billion, a 57% increase from the same period last year and firmly ahead of the Street consensus forecast of $4.4 billion. Earnings for the three months ending in September were pegged at $2.91 per share, Nvidia said, up 63% from last year and 34 cents ahead of Street forecasts.

Data center revenues, which comprise around half of the group’s total, rose 8% on the quarter and 162% from last year to $1.9 billion, thanks in part to a big purchase from a China-based client — likely Huawei Technologies — and the inclusion of its recent acquisition of Mellanox, an Israel-based networking group. 

However, the group’s current-quarter guidance

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Velodyne Lidar Unveils Breakthrough Solid State Sensor for Advanced Driver Assistance Systems (ADAS) and Autonomy

Available in Affordable Mass Quantities, Velarray H800 is the First in a Family of Solid State Sensors to Enhance Automakers’ Safety Features

Velodyne Lidar, Inc. (Nasdaq: VLDR) today debuted its latest innovation in its broad array of lidar sensors, the Velarray H800. The solid state Velarray H800 is architected for automotive grade performance and built using Velodyne’s breakthrough proprietary micro-lidar array architecture (MLA). With combined long-range perception and a broad field of view, this sensor is designed for safe navigation and collision avoidance in advanced driver assistance systems (ADAS) and autonomous mobility applications. The Velarray H800’s compact, embeddable form factor is designed to fit neatly behind the windshield of a truck, bus or car, or be mounted seamlessly on the vehicle exterior. The Velarray H800 will be available at high-volume production levels with a target price of less than $500 to drive broad adoption in consumer and commercial vehicle markets.

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