Latest news with #NVL
Business Times
16 hours ago
- Business
- Business Times
Civmec set to acquire ship manufacturer Luerssen Australia for A$20 million
[SINGAPORE] Construction and engineering services provider Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun 26). Civmec will take ownership of the whole business, including assets, employees and licences. The deal will be funded by the group's existing cash reserves. The assets, plant and equipment, were valued at A$3.6 million. No external valuation was conducted for the acquisition. The aim of the deal is to solidify Australia's sovereign shipbuilding capability by consolidating design, construction and operational expertise under a single, locally owned entity, in a bid to enhance national resilience and support long-term defence industry growth, said the Australian shipbuilder. Luerssen Australia, a subsidiary of NVL, is an independent, privately owned group of German shipyards and related companies. The organisation was formerly known as Lurssen Defence. It specialises in the design, manufacture and servicing of yachts, naval and coastguard vessels. The company supports Australia's national sovereign shipbuilding strategy and operates from the Australian Marine Complex in Henderson, Western Australia. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The acquisition has a target completion date of Jul 1. A pre-agreed level of working capital will be retained within Luerssen Australia at completion to support post-completion operations as well, Civmec said. Earlier on Oct 15, 2024, Civmec had signed a non-binding heads of agreement with the German shipbuilder for the transfer of ownership of Luerssen Australia. This, in particular, was to ensure the 'uninterrupted design and build' of six offshore patrol vessels for the Royal Australian Navy under an existing contract with the Australian Department of Defence – the NVL subsidiary's sole business, executed at a shipyard in South Australia and a Civmec-owned facility in Western Australia. Shares of Civmec closed 1.2 per cent or S$0.01 higher at S$0.86 on Wednesday.
Yahoo
29-05-2025
- Business
- Yahoo
TD Cowen Raises Nvidia (NVDA) Price Target, Maintains Buy Rating
TD Cowen increased its price target for NVIDIA Corporation (NASDAQ:NVDA) to $175 from $140 on May 29, 2025. The analysts kept a Buy rating on the stock. This move is the firm's response to NVIDIA's Q1 2026 earnings results. NVIDIA's Q1 2026 financial report maintained the momentum that investors have gotten used to over the past few years. For starters, revenue grew by 12% from the previous quarter to $44.1 billion—a 69% growth year-over-year. This is also the fifth straight quarter of revenue growth. Excluding the H20 charge, NVIDIA's non-GAAP gross margin would have been 71.3%, and earnings per share would have reached $0.96. TD Cowen analysts are of the opinion that NVIDIA has more space for revenue growth. They said that they initially had concerns over a diminish in rack-scale performance, but this is no longer the case because of 'positive feedback on NVIDIA's NVLink (NVL) deployments among major cloud service providers.' Also, the firm noted that NVIDIA's Blackwell NVL72 AI supercomputer is now in full-scale production across system makers and cloud providers. 'A strong print and guide was well above investor expectations after accounting for H20 write-downs. Rack-scale concerns are receding with strong commentary on NVL deployments at hyperscalers," TD Cowen analysts stated. Most importantly, the firm pointed to NVIDIA's impressive financial metrics, including a robust gross profit margin of 75% and return on equity of 119%. NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs) for the gaming and professional markets. They also make systems on chip units for the mobile computing and automotive market. The company's key products include GeForce GPUs for gaming, AI-powered chips for data centers, and automotive platforms for autonomous driving. While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Nvidia and CEO Jensen Huang get a pass for an earnings whiff: What Wall Street is saying
Nvidia's (NVDA) first quarter results left much to be desired, but it looks like Wall Street is shaking off the obvious bad news for now. Shares in the AI chip giant gained 5% before the bell on Thursday, despite the company posting a once-unthinkable quarterly profit miss after the market close on Wednesday. The magnitude of the earnings whiff — a shortfall of $0.12 per share — was another disappointment. Nvidia pinned the shortfall on the impact of the US ban on shipments of its H20 chips to China. The company also said it expects to lose out on roughly $8 billion in sales of H20s in the second quarter. As to why stock investors are looking past the profit miss, analysts point to a few factors. For one, Nvidia said it would continue to work toward achieving a mid-70% growth profit margin late this year. The number was important to hear for Nvidia bulls, and reflects Nvidia executives' confidence in an efficient ramp-up in production of its Blackwell chip. And two, Nvidia founder and CEO Jensen Huang said global demand for its AI infrastructure products is "incredibly strong." The chip giant also talked up accelerating AI usage demand at Microsoft (MSFT), OpenAI and other hyperscalers on the earnings call. "No beat and raise again, but good enough to avoid disappointment," HSBC analyst Ryan Mellor said in a note. Here's what Wall Street more broadly is saying about Nvidia's quarter. (To track post-earnings trends on the Street for Nvidia, such as sales and earnings revisions, head to the 'analysis' section on Yahoo Finance.) Rating: Buy (reiteration) Price Target: $180 (raised from $150) "Nvidia continues to emphasize that the Blackwell launch is the fastest product launch in company's history. While management did not disclose the total contribution from the platform in the quarter, comments suggest it was at least $24 billion vs $11 billion last quarter. We view this positively as expectations were for ~$20 billion Blackwell's this quarter. We think Nvidia's Blackwell will continue to see demand running well above supply. In fact, the company's key supplier such as Wistron estimates shipping 100-200 NVL servers per week in the first quarter and now expects a 3x increase by June. We expect Blackwell units to surpass 900K units in the July quarter given its faster-than-expected adoption and deployment." Rating: Neutral (reiteration) Price Target: $135 (raised from $120) "China is, and will remain the largest overhang on Nvidia shares until we get resolution from the Trump administration. It was highlighted that the company will experience 'material adverse impact on [their] business going forward,' if they are unable to sell into the Chinese market at all, even beyond the immediately outlined impact from this quarter and next on H20 bans. Nvidia estimates that the Chinese market represents roughly $50B in total addressable market within the near-future, and without having a product to serve this market, they are handing the entire Chinese opportunity to homegrown manufactures such as Huawei. According to Mr. Huang, China, despite the prevailing insinuation from current policy, has the capabilities to compete head-to-head with the United States in chips and AI." Rating: Overweight (reiteration) Price Target: $190 (reiteration) "We see Nvidia as remaining uniquely positioned to benefit from AI/ML secular data center growth within the industry. With significant barriers to entry created by its CUDA software stack, we see limited competitive risks and expect Nvidia to continue to dominate one of the fastest growing workloads in cloud and enterprise. While early days, Omniverse represents an emerging software subscription revenue stream for metaverse applications that is likely to support further re-rating of the multiple as it grows and scales." Rating: Buy (reiteration) Price Target: $180 (reiteration) "While lost Chinese revenues indeed weigh on Nvidia's long-term outlook, we are encouraged by commentary surrounding long-tailed DC opportunities, in both processors/accelerators and networking infrastructure." Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email
Yahoo
29-05-2025
- Business
- Yahoo
Nvidia and CEO Jensen Huang get a pass for an earnings whiff: What Wall Street is saying
Nvidia's (NVDA) first quarter results left much to be desired, but it looks like Wall Street is shaking off the obvious bad news for now. Shares in the AI chip giant gained 5% before the bell on Thursday, despite the company posting a once-unthinkable quarterly profit miss after the market close on Wednesday. The magnitude of the earnings whiff — a shortfall of $0.12 per share — was another disappointment. Nvidia pinned the shortfall on the impact of the US ban on shipments of its H20 chips to China. The company also said it expects to lose out on roughly $8 billion in sales of H20s in the second quarter. As to why stock investors are looking past the profit miss, analysts point to a few factors. For one, Nvidia said it would continue to work toward achieving a mid-70% growth profit margin late this year. The number was important to hear for Nvidia bulls, and reflects Nvidia executives' confidence in an efficient ramp-up in production of its Blackwell chip. And two, Nvidia founder and CEO Jensen Huang said global demand for its AI infrastructure products is "incredibly strong." The chip giant also talked up accelerating AI usage demand at Microsoft (MSFT), OpenAI and other hyperscalers on the earnings call. "No beat and raise again, but good enough to avoid disappointment," HSBC analyst Ryan Mellor said in a note. Here's what Wall Street more broadly is saying about Nvidia's quarter. To track post earnings trends on the Street for Nvidia such as sales and earnings revisions, simply head to the 'analysis' section on Yahoo Finance. Rating: Buy (reiteration) Price Target: $180 (raised from $150) "Nvidia continues to emphasize that the Blackwell launch is the fastest product launch in company's history. While management did not disclose the total contribution from the platform in the quarter, comments suggest it was at least $24 billion vs $11 billion last quarter. We view this positively as expectations were for ~$20 billion Blackwell's this quarter. We think Nvidia's Blackwell will continue to see demand running well above supply. In fact, the company's key supplier such as Wistron estimates shipping 100-200 NVL servers per week in the first quarter and now expects a 3x increase by June. We expect Blackwell units to surpass 900K units in the July quarter given its faster-than-expected adoption and deployment." Rating: Neutral (reiteration) Price Target: $135 (raised from $120) "China is, and will remain the largest overhang on Nvidia shares until we get resolution from the Trump administration. It was highlighted that the company will experience 'material adverse impact on [their] business going forward,' if they are unable to sell into the Chinese market at all, even beyond the immediately outlined impact from this quarter and next on H20 bans. Nvidia estimates that the Chinese market represents roughly $50B in total addressable market within the near-future, and without having a product to serve this market, they are handing the entire Chinese opportunity to homegrown manufactures such as Huawei. According to Mr. Huang, China, despite the prevailing insinuation from current policy, has the capabilities to compete head-to-head with the United States in chips and AI." Rating: Overweight (reiteration) Price Target: $190 (reiteration) "We see Nvidia as remaining uniquely positioned to benefit from AI/ML secular data center growth within the industry. With significant barriers to entry created by its CUDA software stack, we see limited competitive risks and expect Nvidia to continue to dominate one of the fastest growing workloads in cloud and enterprise. While early days, Omniverse represents an emerging software subscription revenue stream for metaverse applications that is likely to support further re-rating of the multiple as it grows and scales." Rating: Buy (reiteration) Price Target: $180 (reiteration) "While lost Chinese revenues indeed weigh on Nvidia's long-term outlook, we are encouraged by commentary surrounding long-tailed DC opportunities, in both processors/accelerators and networking infrastructure." Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Nvidia and CEO Jensen Huang get a pass for an earnings whiff: What Wall Street is saying
Nvidia's (NVDA) first quarter results left much to be desired, but it looks like Wall Street is shaking off the obvious bad news for now. Shares in the AI chip giant gained 5% before the bell on Thursday, despite the company posting a once-unthinkable quarterly profit miss after the market close on Wednesday. The magnitude of the earnings whiff — a shortfall of $0.12 per share — was another disappointment. Nvidia pinned the shortfall on the impact of the US ban on shipments of its H20 chips to China. The company also said it expects to lose out on roughly $8 billion in sales of H20s in the second quarter. As to why stock investors are looking past the profit miss, analysts point to a few factors. For one, Nvidia said it would continue to work toward achieving a mid-70% growth profit margin late this year. The number was important to hear for Nvidia bulls, and reflects Nvidia executives' confidence in an efficient ramp-up in production of its Blackwell chip. And two, Nvidia founder and CEO Jensen Huang said global demand for its AI infrastructure products is "incredibly strong." The chip giant also talked up accelerating AI usage demand at Microsoft (MSFT), OpenAI and other hyperscalers on the earnings call. "No beat and raise again, but good enough to avoid disappointment," HSBC analyst Ryan Mellor said in a note. Here's what Wall Street more broadly is saying about Nvidia's quarter. To track post earnings trends on the Street for Nvidia such as sales and earnings revisions, simply head to the 'analysis' section on Yahoo Finance. Rating: Buy (reiteration) Price Target: $180 (raised from $150) "Nvidia continues to emphasize that the Blackwell launch is the fastest product launch in company's history. While management did not disclose the total contribution from the platform in the quarter, comments suggest it was at least $24 billion vs $11 billion last quarter. We view this positively as expectations were for ~$20 billion Blackwell's this quarter. We think Nvidia's Blackwell will continue to see demand running well above supply. In fact, the company's key supplier such as Wistron estimates shipping 100-200 NVL servers per week in the first quarter and now expects a 3x increase by June. We expect Blackwell units to surpass 900K units in the July quarter given its faster-than-expected adoption and deployment." Rating: Neutral (reiteration) Price Target: $135 (raised from $120) "China is, and will remain the largest overhang on Nvidia shares until we get resolution from the Trump administration. It was highlighted that the company will experience 'material adverse impact on [their] business going forward,' if they are unable to sell into the Chinese market at all, even beyond the immediately outlined impact from this quarter and next on H20 bans. Nvidia estimates that the Chinese market represents roughly $50B in total addressable market within the near-future, and without having a product to serve this market, they are handing the entire Chinese opportunity to homegrown manufactures such as Huawei. According to Mr. Huang, China, despite the prevailing insinuation from current policy, has the capabilities to compete head-to-head with the United States in chips and AI." Rating: Overweight (reiteration) Price Target: $190 (reiteration) "We see Nvidia as remaining uniquely positioned to benefit from AI/ML secular data center growth within the industry. With significant barriers to entry created by its CUDA software stack, we see limited competitive risks and expect Nvidia to continue to dominate one of the fastest growing workloads in cloud and enterprise. While early days, Omniverse represents an emerging software subscription revenue stream for metaverse applications that is likely to support further re-rating of the multiple as it grows and scales." Rating: Buy (reiteration) Price Target: $180 (reiteration) "While lost Chinese revenues indeed weigh on Nvidia's long-term outlook, we are encouraged by commentary surrounding long-tailed DC opportunities, in both processors/accelerators and networking infrastructure." Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email
