Latest news with #Run:ai
Yahoo
25-02-2025
- Business
- Yahoo
Nvidia Expected to Surpass Revenue Estimates as Blackwell Demand Grows
Nvidia (NVDA, Financials) is projected to exceed revenue expectations for its January quarter, supported by high demand for its Blackwell architecture and strong financial performance, according to analysts. Warning! GuruFocus has detected 3 Warning Signs with NVDA. Piper Sandler maintained a $175 price target overweight rating on Nvidia. Citing its trend of surpassing financial expectations, analyst Harsh Kumar expects the business will beat sales projections by $1.8 billion. Reiterating its leadership in the semiconductor sector, Nvidia announced a 152% year-over-year sales gain. Supported by rising capital expenditures from hyperscalers, the company's Blackwell architecture is seeing ongoing demand. Improvements in supply chains since the first launch phases in October and January have relieved restrictions; demand is expected to continue strong through 2025, so maybe more regular profit beating will result. With 76% gross profit margins, it is clearly leading in its sector in efficiency. With a price-to-earnings ratio of 52, which reflects great investor confidence, revenue increase for fiscal 2025 is projected at 112%. Other analysts also see bright future prospects for Nvidia. With a $200 price objective and consecutive revenue beats of $2 billion, Cantor Fitzgerald assigned an Overweight rating. With a $190 target, Evercore ISI rated Nvidia as an Outperform, highlighting its artificial intelligence supremacy. Separately, Nvidia has sued European Union authorities over their investigation of Run:ai purchase. Though legal questions still exist, the EU ratified the agreement in December. Investors are watching Nvidia's forthcoming income statement and further updates on Blackwell for more direction. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
24-02-2025
- Business
- Yahoo
Nvidia Challenges EU Regulator's Probe Into Run:ai Acquisition
Nvidia (NVDA, Financials) filed a lawsuit against the European Commission, contesting an investigation into its $700 million acquisition of Israeli software firm Run:ai, Reuters said Monday. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Filed at the General Court in Luxembourg, the action claims that whilst not fulfilling the EU's merger control criteria, the European Commission illegally granted Italy's demand to examine the agreement. Usually, the Merger Regulation of the European Union calls for probes only if certain revenue targets are reached. Under its national Competition Act, Italy, however, expressed concerns and set off an EU-level investigation. By approving the inquiry based on what Nvidia regards as weakly defined discretionary powers, the commission abused its jurisdiction, according to the firm. Although the action has no bearing on the purchase itself, the result might affect future EU control of mergers and acquisitions, especially those involving semiconductor companies and artificial intelligence companies. Run:ai was acquired by Nvidia in December 2024. Israeli startup Run:ai develops AI workload management software that runs numerous processes in parallel to optimize GPU utilization. It plans to open-source its tools to promote compatibility outside of Nvidia's hardware. Regarding the complaint, the European Commission has not offered comments. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
24-02-2025
- Business
- Yahoo
Nvidia takes EU antitrust regulators to court for probing AI startup Run:ai bid
By Foo Yun Chee BRUSSELS (Reuters) - U.S. chipmaker Nvidia has sued EU antitrust regulators for accepting an Italian request last year to scrutinise its acquisition of AI startup Run:ai, saying they had flouted an earlier court ruling restricting their merger powers on minor deals. While the case does not have any impact on the Run:ai deal which was eventually approved by the EU competition watchdog in December last year, a ruling favouring Nvidia may further curb the regulator's merger power. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Businesses have been concerned in recent years with the European Commission flexing a rarely-used power called Article 22 to assess small deals even though these are below the EU's merger revenue threshold. The EU executive says it is concerned about killer acquisitions in which big companies buy startups to shut them down, but companies criticise such moves as regulatory over-reach. Europe's highest court, however, in a landmark ruling in September last year said the Commission cannot encourage or accept referrals of deals without a European dimension from national enforcers when the latter do not have the powers to examine such deals under their own national laws. Nvidia cited the ruling in its lawsuit filed with the Luxembourg-based General Court, Europe's second-highest, according to a filing on the court website. "The decision unlawfully accepted a referral request from the Italian Autorità Garante della Concorrenza (AGCM), regarding a transaction that fell below the EU Merger Regulation and member state merger control thresholds, based on the AGCM's exercise of loosely defined, ex post, discretionary call-in powers," Nvidia said. It said regulators' decision to take up the Italian request breaches principles of institutional balance, legal certainty, proportionality and equal treatment. The case is T-15/25 Nvidia v Commission.
Reuters
24-02-2025
- Business
- Reuters
Nvidia takes EU antitrust regulators to court for probing AI startup Run:ai bid
BRUSSELS, Feb 24 (Reuters) - U.S. chipmaker Nvidia (NVDA.O), opens new tab has sued EU antitrust regulators for accepting an Italian request last year to scrutinise its acquisition of AI startup Run:ai, saying they had flouted an earlier court ruling restricting their merger powers on minor deals. While the case does not have any impact on the Run:ai deal which was eventually approved by the EU competition watchdog in December last year, a ruling favouring Nvidia may further curb the regulator's merger power. Businesses have been concerned in recent years with the European Commission flexing a rarely-used power called Article 22 to assess small deals even though these are below the EU's merger revenue threshold. The EU executive says it is concerned about killer acquisitions in which big companies buy startups to shut them down, but companies criticise such moves as regulatory over-reach. Europe's highest court, however, in a landmark ruling in September last year said the Commission cannot encourage or accept referrals of deals without a European dimension from national enforcers when the latter do not have the powers to examine such deals under their own national laws. Nvidia cited the ruling in its lawsuit filed with the Luxembourg-based General Court, Europe's second-highest, according to a filing on the court website. "The decision unlawfully accepted a referral request from the Italian Autorità Garante della Concorrenza (AGCM), regarding a transaction that fell below the EU Merger Regulation and member state merger control thresholds, based on the AGCM's exercise of loosely defined, ex post, discretionary call-in powers," Nvidia said. It said regulators' decision to take up the Italian request breaches principles of institutional balance, legal certainty, proportionality and equal treatment. The case is T-15/25 Nvidia v Commission. Our Standards: The Thomson Reuters Trust Principles., opens new tab
