NVIDIA Corp (NVDA.OQ)
Latest Key Developments (Source: Significant Developments)
NVIDIA Corp:Says the lithium-ion battery in the tablets can overheat, posing a fire hazard.Says this recall involves NVIDIA SHIELD tablet computers with 8-inch touch screens - Consumer Product Safety Commission.Says Model numbers P1761, P1761W and P1761WX and serial numbers 0410215901781 through 0425214604018 are included in this recall.Says and the model and serial numbers are etched on the left side edge of the tablets, the SHIELD logo is on the back of the tablets.Says the recall is about 83,000.Says has received four reports of batteries overheating due to thermal runaway, including two reports of damage to flooring. Full Article
NVIDIA Corp:Says Q2 2016 revenue is expected to be $1.01 billion, plus or minus 2 pct.Q2 2016 revenue $1.18 billion - Thomson Reuters I/B/E/S. Full Article
NVIDIA Corp:Says it will wind down Icera modem operations in Q2 of 2016.Says is open to a sale of technology or operations. Full Article
Nvidia Corp:Says it would wind down its Icera modem operations, and was open to a sale of the technology or operations - Reuters.Says it expects to wind down the operations in the second quarter of fiscal 2016. Full Article
Nvidia Corp's quarterly revenue surged more than 50 percent for the second straight quarter and beat expectations, helped by rising demand for its graphics chips and strength in rapidly growing areas such as self-driving systems and artificial intelligence.