<ul><li>Shares of <keyword id="11897493" type="UNKNOWN" weightage="60" keywordseo="nvidia" source="Orion">Nvidia</keyword> jumped as much as 8% on Thursday after the company reported strong second-quarter earnings.</li><li>Shares of the GPU manufacturer reversed early losses of 1% as investors digested the results.</li><li>Nvidia said it expects the ongoing semiconductor shortage to last well into 2022 and remains hopeful its proposed acquisition of Arm will be approved.</li><li id="recirc"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> surged as much as 8% on Thursday after the graphics card manufacturer reported record <a href="https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2022#:~:text=NVIDIA%20(NASDAQ%3A%20NVDA)%20today,Center%20and%20Professional%20Visualization%20platforms.">second-quarter earnings results</a> that surpassed analyst estimates.The company saw surging demand in its gaming, data center, and professional visualizations business units, and said it is struggling to keep up with demand amid an ongoing semiconductor shortage. Nvidia CEO Jensen Huang expects the chip shortage to last well into 2022. Here were the key numbers:Revenue: $6.51 billion, versus estimates of $6.34 billion Adjusted earnings per share: $1.04, versus estimates of $1.02 Third quarter outlook: $6.80 billion, versus estimates of $6.53 billionOn the crypto front, Nvidia said it expects a decline in the sale of its crypto mining processors, especially as ethereum transitions to EIP-3554, which will make the cryptocurrency essentially unmineable. The company also said it expects the ongoing chip shortage to last well into 2022.Nvidia also said it continues to work through the regulatory process for completing its proposed $40 billion acquisition of Arm, which has not yet closed due to anti-trust concerns."Although some Arm licensees have expressed concerns or objected to the transaction, and discussions with regulators are taking longer than initially thought, we are confident in the deal and that regulators should recognize the benefits of the acquisition to Arm, its licensees, and the industry," Nvidia CFO Colette Kress said.The <a href="https://markets.businessinsider.com/news/stocks/nvidia-stock-2q-earnings-reaction-wall-street-analysts-nvda-2021-8">results impressed Wall Street analysts,</a> with many seeing demand outstripping supply in the immediate future. While that's often a great problem to have in business, it will limit near-term upside in the stock, analysts said.The strong results helped add to Nvidia's year-to-date gains of 51% as of Thursday afternoon. The stock has remained perched near record highs even after it completed its 4-for-1 stock split earlier this year. <div type="image" title="Nvidia stock chart" height="491" width="625" msid="85471490" hostid="261"></div>

Nvidia surges 8% after record earnings results blow past analyst expectations

<ul><li>The <keyword id="12300166" type="General" weightage="80" keywordseo="apple-unleashed" source="Orion">Apple Unleashed</keyword> event is scheduled for 10 am PT (10:30 pm IST).</li><li><keyword id="6354427" type="General" weightage="20" keywordseo="apple" source="Orion">Apple</keyword> is expected to announce the M1X MacBook Pro, AirPods 3 and Mac mini.</li><li>Here’s everything we know so far about the Apple Unleashed event.</li></ul>Apple is all set to kick off its Unleashed event today, where it is expected to unveil its new lineup of MacBook Pro. In addition to this, the Cupertino tech giant is also expected to announce the AirPods 3, the latest iteration of its truly wireless device. The Apple Unleashed event will begin at 10 am PT (10:30 pm IST) and will be live streamed for all its fans. <div type="twitter" handle="gregjoz" handlename="Greg Joswiak" image="http://pbs.twimg.com/profile_images/1403724397479796737/YexJ0NDc_normal.jpg" favoritecount="17353" retweetcount="3937" status="Unleashed! These next six days are going to speed by. #AppleEvent https://t.co/0ops2bVPvl" createdat="1634054710000" id="1447956519132151810"></div> <cmsannotation type="cmsannotation" annotationid="How to watch Apple Unleashed event" comment="subhead" text="How to watch Apple Unleashed event">How to watch Apple Unleashed event</cmsannotation> The Apple Unleashed event will be live streamed on the company’s <a href="https://www.apple.com/in/apple-events/">website</a> and the Apple TV app. <cmsannotation type="cmsannotation" annotationid="M1X MacBook Pro" comment="subhead" text="M1X MacBook Pro">M1X MacBook Pro</cmsannotation> The main highlight of the event is expected to be the redesigned MacBook Pro. The MacBook Pro is expected to be launched in 14-inch and 16-inch screen variants, along with a new Apple processor, the M1X. As per a <a href="https://www.macrumors.com/2021/01/15/new-macbook-pro-models-magsafe-ports/">report</a> by <keyword id="2199380" type="General" weightage="20" keywordseo="ming-chi-kuo" source="Orion">Ming-Chi Kuo</keyword>, the new MacBook Pro is expected to feature a flat-edged design similar to the iPhone 12, ditching the curves found on the current models. Another significant change that is expected is the removal of the OLED touchbar and the return to physical function keys. The new MacBook is expected to feature an SD card reader, an HDMI port and a MagSafe port. The new M1X chipset is an upgraded version of the M1X chipset that was used last year and is expected to feature a 10-core CPU and a 16-core GPU. The 16-inch high-end version is expected to come with a 32-core GPU, offering increased graphic performance. <cmsannotation type="cmsannotation" annotationid="AirPods 3" comment="subhead" text="AirPods 3">AirPods 3</cmsannotation> Apple is also expected to announce the AirPods 3 at the event. The company was earlier expected to reveal the truly wireless devices along with the <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-13-series-ipad-ipad-mini-and-watch-series-7-announced-indian-pricing-availability-and-features/articleshow/86213320.cms">iPhone 13</a> during its September event. While the AirPods 3 are expected to feature a design similar to the AirPods Pro, the devices are expected to miss out on the active noise cancellation (ANC) feature. The AirPods 3 case is expected to pack a 20% bigger battery and will be equipped with wireless charging. The earbuds are expected to offer 4.5 hours of usage on a single charge. <cmsannotation type="cmsannotation" annotationid="Apple Mac mini" comment="subhead" text="Apple Mac mini">Apple Mac mini</cmsannotation> Apple may also launch an upgrade to its Mac mini using the same M1X chipset as the new MacBook Pro. In addition to this, the device is also expected to come with design improvements. The Mac mini is expected to feature four Thunderbolt ports, two USB-A ports, an ethernet port and an HDMI port. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/apple-reportedly-just-fired-another-employee-who-brought-attention-to-issues-at-the-company/articleshow/87049128.cms">Apple reportedly just fired another employee who brought attention to issues at the company</a> <a href="https://www.businessinsider.in/tech/gadgets/news/comparison-between-apple-watch-series-7-vs-apple-watch-series-6/articleshow/87017488.cms">Apple Watch Series 7 vs Series 6 - here's what has changed and what hasn't</a> <a href="https://www.businessinsider.in/tech/news/apple-will-likely-have-to-cut-its-iphone-13-production-goals-for-2021-due-to-the-global-chip-shortage/articleshow/86981620.cms">Apple will likely have to cut its iPhone 13 production goals for 2021 due to the global chip shortage</a>

Apple Unleashed – M1X MacBook Pro, AirPods 3 and more expected to launch today

<ul><li><keyword id="6354427" type="General" weightage="20" keywordseo="Apple" source="Orion">Apple</keyword> has announced its next launch event that will take place on October 18. </li><li>The event will be live on Apple’s website and YouTube.</li><li>We are likely to see some new launches that include a much-awaited <keyword id="162156" type="General" weightage="20" keywordseo="macbook-pro" source="Orion">MacBook Pro</keyword> with an LED display and a new <keyword id="12301397" type="General" weightage="20" keywordseo="m1x-processor" source="Orion">M1X processor</keyword>.</li></ul>Apple has announced its next special event of this year where we are likely to see a few upgraded products in the company’s line-up. This is its second event in two months after it launched the <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-13-series-ipad-ipad-mini-and-watch-series-7-announced-indian-pricing-availability-and-features/articleshow/86213320.cms">iPhone 13 series</a> along with iPad, iPad mini and Watch Series 7 in the California Streaming event on September 14. The next event can be streamed on <a href="https://www.apple.com/apple-events/">Apple’s website</a> and <a href="https://www.youtube.com/watch?v=exM1uajp--A">YouTube</a> on October 18 at 10:30 pm IST. The event was announced by Greg Joswiak on Twitter. <div type="twitter" handle="gregjoz" handlename="Greg Joswiak" image="http://pbs.twimg.com/profile_images/1403724397479796737/YexJ0NDc_normal.jpg" favoritecount="13592" retweetcount="3364" status="Unleashed! These next six days are going to speed by. #AppleEvent https://t.co/0ops2bVPvl" createdat="1634054710000" id="1447956519132151810"></div> The upcoming event is likely to see a new <keyword id="6374793" type="General" weightage="20" keywordseo="macbook" source="Orion">MacBook</keyword> Pro with an improved processor, it may also see a redesigned <keyword id="172556" type="General" weightage="20" keywordseo="mac-mini" source="Orion">Mac Mini</keyword> and probably the <keyword id="7849284" type="General" weightage="20" keywordseo="airpods-3" source="Orion">AirPods 3</keyword>. What we may not see during this event would be a new MacBook Air, an upgraded Mac Pro or Apple’s VR/AR glasses. Let’s see what the devices that may launch next week have to offer. <cmsannotation type="cmsannotation" annotationid="What to expect from MacBook Pro?" comment="subhead" text="What to expect from MacBook Pro?">What to expect from MacBook Pro?</cmsannotation> Apple is most likely to launch one of its most-awaited devices of the year, the MacBook Pro. The premium laptops come in both 14-inch and 16-inch display sizes. The MacBook Pros are expected to be powered by a much more powerful chipset than its existing M1 chip. The new chipset is being dubbed as the “M1X”, however, we may see a different name at its launch. As per rumours, we may see an addition of two more cores to the processor that in turn will enhance the performance of the laptops. In terms of GPU, Apple may look to improve the graphic performance by adding 16-core and/or 32-core GPU in its upcoming MacBook Pros. This will be an upgrade from the 8-core GPU as seen with the M1 chip. A major addition to the laptops would be a Mini LED display that is likely to offer high contrast with improved brightness, in turn improving the picture quality. As for the ports, we are likely to see a new MagSafe connector, an SD card slot, and an HDMI port. Apple may also remove the touch bar from the upcoming MacBook Pro. It will feature a 1080p webcam and is likely to have base models having 16GB RAM and 512GB SSD storage. Apart from the new MacBook Pro, let’s have a look at what we may see in the redesigned Mac Mini and AirPods 3. <cmsannotation type="cmsannotation" annotationid="What to expect from the Mac Mini?" comment="subhead" text="What to expect from the Mac Mini?">What to expect from the Mac Mini?</cmsannotation> The Mac Mini is likely to see some design upgrades and improvements in performance via the enhanced “M1X” processor. It is expected to offer up to 64GB RAM and come with up to four Thunderbolt 4 inputs, two USB-A ports, and a magnetic charging cable. Even though we are likely to see these upgraded specifications in the next Mac Mini, we cannot ascertain if it is launching next week only. <cmsannotation type="cmsannotation" annotationid="What to expect from AirPods 3?" comment="subhead" text="What to expect from AirPods 3?">What to expect from AirPods 3?</cmsannotation> As per a leak by @<a href="https://twitter.com/PineLeaks/status/1435302680621092867">PineLeaks</a>, the AirPods 3 are likely to offer better bass than its second-generation earbuds. Wireless charging is likely to be a standard feature and the charging case is expected to see around 20% larger battery. Since these AirPods were not revealed during the September event along with the <a href="https://www.businessinsider.in/tech/mobile/news/comparison-between-iphone-13-vs-iphone-13-mini-price-features-specifications/slidelist/86863244.cms">iPhone 13 series</a>, we may see Apple launching them in the next week’s event. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/apple-will-likely-have-to-cut-its-iphone-13-production-goals-for-2021-due-to-the-global-chip-shortage/articleshow/86981620.cms">Apple will likely have to cut its iPhone 13 production goals for 2021 due to the global chip shortage</a> <a href="https://www.businessinsider.in/tech/news/two-years-after-leaving-apple-jony-ives-new-design-company-finally-has-a-website-take-a-look/articleshow/86972014.cms">2 years after leaving Apple, Jony Ive's new design company finally has a website - take a look</a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-6-pixel-6-pro-specifications-spilled-ahead-of-october-19-launch/articleshow/86957624.cms">Google Pixel 6, Pixel 6 Pro specifications spilled ahead of October 19 launch</a>

Here’s what to expect from Apple’s October 18 event — new MacBooks on the way

<a href="https://markets.businessinsider.com/stocks/nvda-stock"></a><ul class="summary-list"><li><keyword id="9775029" type="UNKNOWN" weightage="60" keywordseo="nvidia-stock">Nvidia stock</keyword> extended its gains to as much as 7% on Monday.</li><li>The rise came after the company announced a four-for-one <keyword id="6355393" type="DEFINITION" weightage="60" keywordseo="Stock-Split">stock split</keyword> on Friday.</li><li>If shareholders approve the split on June 3, there will be 4 billion authorized shares of <keyword id="113675" type="COMPANY" weightage="60" keywordseo="nVidia">Nvidia</keyword> common stock.</li></ul><a href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> stock extended its gains to as much as 7% on Monday after the company announced a four-for-one stock split last Friday.Management said the split will help "make stock ownership more accessible to investors and employees," according to a <a href="https://nvidianews.nvidia.com/">press release</a>.The split will increase the number of authorized shares of common stock to 4 billion if it's approved at a shareholder meeting on June 3.This is Nvidia's first stock split in 14 years.Nvidia stock is up nearly 20% in the past six months and roughly 80% in the past year, despite a rotation away from highly valued tech shares amid the economic reopening.Sales of Nvidia's graphic cards have been on fire due to rising PC and cryptocurrency mining demand. The only issue for the company has been an <a href="https://www.businessinsider.com/pc-parts-shortage-prices-2022-remote-work-2021-5">ongoing semiconductor shortage</a> that's made it difficult to keep pace with consumer's growing appetite for high-end GPU's.As a result of the semiconductor shortage, in February, Nvidia announced that all GeForce RTX 3060 graphics cards would ship with a reduced ethereum hash rate to discourage ether mining and make more supplies available for the company's core gaming audience.Then on May 18, Nvidia said it would extend the <a href="https://www.businessinsider.com/nvidia-doubles-down-limiting-geforce-crypto-mining-performance-serve-gamers-2021-5">reduced hash rates</a> to its new GeForce RTX 3080, 3070, and 3060 Ti graphics cards that will start shipping before the end of May.Despite the move to quash mining with its GPUs, supplies for the units are still hard to come by. Nvidia also recently saw its proposed $40 billion acquisition of the chip-maker Arm called into question when Britain's Digital Secretary, Oliver Dowden, said he was intervening in the sale on <a href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-sinks-regulators-probe-takeover-chip-maker-arm-2021-4-1030319196">national security grounds</a> after considering advice from officials across the investment security community.Still, Nvidia remains an analyst favorite despite recent bearish news and the ongoing semiconductor shortage. The company boasts 28 "buy" ratings, 10 "hold" or equivalent ratings, and just one "sell" rating from Wall Street.Nvidia stock traded up 4.41% as of 12:03 p.m. ET on Monday.<div type="image" title="Nvidia chart 2" height="650" width="826" msid="82919112" hostid="261"></div>

Nvidia extends rally after the company announces a four-for-one stock split

<keyword id="11148" type="General" weightage="20" keywordseo="motorola" source="Orion">Motorola</keyword> on Monday launched a new smartphone '<keyword id="12255747" type="General" weightage="20" keywordseo="moto-g31" source="Orion">Moto G31</keyword>' with a <keyword id="6369515" type="General" weightage="20" keywordseo="mediatek" source="Orion">MediaTek</keyword> processor, triple camera unit at the back and a 5,000mAh battery. The smartphone is priced in India, starting at ₹12,999 for the 4GB RAM+64GB storage option and ₹14,999 for the 6GB RAM+128GB storage option. "The Moto G31 comes with Motorola's signature near-Stock Android that is ad-free and bloatware-free. Security matters to our consumers, so it means everything to us. Now you can count on ThinkShield for Mobile, which offers enhanced protection at every level from the factory to the phone, a secured chain of trust and additional security certifications," the company said in a statement. In terms of features, the smartphone features a 6.4-inch full-HD+ (1,080x2,400 pixels) OLED hole-punch display with a 60Hz refresh rate and a 20:9 aspect ratio. The Moto G31 runs on Android 11 stock software and has a hybrid dual-SIM slot (Nano+ Nano/microSD). Under the hood, the device is powered by a MediaTek Helio G85 SoC paired with an Arm Mali-G52 MC2 GPU and up to 6GB RAM, 128GB of internal storage. Moto G31 houses a 50MP main sensor, an 8MP wide-angle camera and a 2MP maco sensor. Rear camera modes include Dual Capture, Spot Colour, Night Vision, Portrait and more. In the front, the device has a 13MP selfie camera. The smartphone packs a 5,000mAh battery with 20W TurboPower fast charging support. Connectivity options include 4G LTE, FM Radio, 3.5mm audio jack, Bluetooth v5, dual-band Wi-Fi 802.11 ac, USB Type-C port and more. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/chip-shortages-to-blame-for-black-friday-online-sales-dip/articleshow/87973731.cms">Chip shortages to blame for Black Friday online sales dip</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-9-series-to-launch-in-india-in-february-2022-to-feature-four-models/articleshow/87972627.cms">Realme 9 series to launch in India in February 2022, to feature four models</a> <a href="https://www.businessinsider.in/tech/news/germany-plans-to-phase-out-the-sale-of-combustion-engine-vehicles-to-help-meet-its-ambitious-goal-of-getting-15-million-electric-vehicles-on-the-road-by-2030/articleshow/87955593.cms">Germany plans to phase out the sale of combustion-engine vehicles to help meet its ambitious goal of getting 15 million electric vehicles on the road by 2030</a>

Motorola launches 'Moto G31' smartphone with OLED display, starting at ₹12,999

<keyword id="28115" type="General" weightage="20" keywordseo="intel" source="Orion">Intel</keyword> has officially announced its new 12th Gen Core processors for the desktop based on the company's <keyword id="11909465" type="General" weightage="20" keywordseo="alder-lake" source="Orion">Alder Lake</keyword> architecture using a 10nm fabrication process. Three of the six models include the Core i9-12900K, Core i7-12700K, and the Core i5-12600K, with the remaining three being the KF variant of the aforementioned models (the F signifies a lack of an integrated GPU). "With the launch of six new unlocked desktop processors, including the world's <keyword id="12406875" type="General" weightage="20" keywordseo="best-gaming-processor" source="Orion">best gaming processor</keyword>, the <keyword id="12406874" type="General" weightage="20" keywordseo="12th-gen-intel" source="Orion">12th Gen Intel</keyword> Core i9-12900K. With a max turbo boost of up to 5.2 GHz and as many as 16 cores and 24 threads, the new desktop processors reach new heights of multi-threaded performance for enthusiast gamers and professional creators," the company said in a statement. These new processors are built using the Intel 7 process and utilise a hybrid architecture that includes powerful P-Cores to handle demanding workloads and efficient E-Cores to handle less intensive workloads. In terms of performance, Intel claims that the new 12th Gen processors are now the world's best gaming processors when compared against the Ryzen 9 5950X in 31 titles. The company also claims improved productivity performance over the previous generation Intel chips. The 12th Gen Intel Alder Lake is also the first set of CPUs to support PCIe Gen 5 (up to 16 lanes) and DDR5 memory with up to 4800MT/s. Besides, these CPUs also come with integrated WiFi 6E support along with enhanced Intel UHD graphics based on Xe architecture. Intel Core i9-12900K is priced at $589, the KF variant is available at $564. Core i7-12700K is priced at $409 and the KF variant is priced at $384. Meanwhile, the Core i5-12600K will be available at $289 and the KF variant will cost $264. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/intel-has-launched-its-12th-generation-processors-and-here-we-have-a-look-at-all-the-major-upgrades-and-how-they-fare-with-its-predecessor-/slidelist/87329539.cms?utm_source=google_newsstand&amp;utm_medium=google_rssfeed&amp;utm_campaign=news_referral" style="">Intel 12th gen vs Intel 11th gen processors: Major changes, speed, efficiency, price and more</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-add-links-to-instagram-stories-with-link-sticker/articleshow/87327625.cms" style="">Instagram now lets everyone add links to Stories — here’s how to use it</a> <a href="https://www.businessinsider.in/tech/news/global-supply-chain-disruptions-wont-get-better-anytime-soon-due-to-chip-shortage-forrester/articleshow/87329006.cms" style="">Global supply chain disruptions won't get better anytime soon due to chip shortage: Forrester</a>

Intel announces its 12th-gen 'Alder Lake' desktop processor line-up

<keyword id="113675" type="COMPANY" weightage="20" keywordseo="nVidia">Nvidia</keyword> is a globally recognised <keyword id="403563" type="PERSON" weightage="20" keywordseo="Chip-maker">chip maker</keyword> specialising in GPUs (graphics processing units) and other essential components. The American giant leads the gaming industry and is known for ludicrous hardware that's unlike any other. And it's often the first choice of many professional gamers. But in the last few months, it has become harder to find a high-end Nvidia chip in stock. PC gamers are constantly on the lookout for new hardware and find it increasingly difficult to buy new parts. While the global semiconductor shortage is partially responsible for the vacuum, crypto miners are one of the main reasons behind the sudden yet prolonged shortage. <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Cryptocurrencies</a> like <keyword id="6354947" type="UNKNOWN" weightage="20" keywordseo="bitcoin">Bitcoin</keyword> require coins to be mined -- a virtual process that ensures news coins keep flowing but not too quickly. A complex mathematical algorithm is computed, and at the end of it, a coin is mined. Every <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> has its own mining process, but they share one thing in common -- high-end chips that can compute as fast as possible. Miners have hoarded all the supply of chips they could, and legitimate users are left in the lurch. Nvidia <a href="https://click.linksynergy.com/deeplink?id=kXQk6%2AivFEQ&amp;mid=44270&amp;u1=tomshardware-in-7154216486953460000&amp;murl=https%3A%2F%2Fblogs.nvidia.com%2Fblog%2F2021%2F05%2F18%2Flhr%2F">says</a> it has halved the Ethereum hash rate of new RTX 3080, 3070, and 3060 Ti graphics cards to discourage sales for mining. These cards will start shipping from May and carry a new tag that identifies them as "Lite Hash Rate." It also added that all existing cards would continue to work as usual, and the lower hast rate is applicable only on newer chips. "RTX 3060 software drivers are designed to detect specific attributes of the <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Ethereum</a> cryptocurrency mining algorithm and limit the hash rate, or cryptocurrency mining efficiency, by around 50%,” Nvidia's said. Reducing the hash rate downgrades the GPU performance while trying to mine Ethereum but will have close to zero effect on actual gaming or computing. Nvidia stated that the move is deliberate and will cut back on the cards' ability to perform calculations for validating transactions on the Ethereum network. Nvidia's stock is also now increasingly tied to the enormous swings in cryptocurrency markets. As the company has stated before, its priority is to ensure its gaming cards end up "in the hands of gamers." There's a unique lineup for mining equipment by Nvidia, and it's called Cryptocurrency Mining Processor (<keyword id="63012" type="COMPANY" weightage="20" keywordseo="CMP">CMP</keyword>). So far, four cards have been unveiled -- 30HX, 40HX, 50HX, and 90HX. Nvidia has reiterated that miners should opt for these cards and not crowd the RTX lineup, which is meant for gaming. The shortage is so <a href="https://www.wired.com/story/gpu-shortage-existential-dread-nothing-matters/">acute</a>, that many vendors in the US and Europe are forced to use a lottery or randomised token system to sell these GPUs. The grey market has picked up massively and cards are selling at a premium that can be upwards of 100%. The process of mining is also the primary reason why Tesla <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-realised-that-he-cant-champion-both-renewable-energy-and-bitcoin-at-the-same-time/articleshow/82603087.cms">walked away</a> from Bitcoin payments. The mining process requires a lot of energy, which is usually generated from fossil fuels -- ultimately defeating the purpose of getting a green Tesla. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/cryptocurrency-crash-brings-down-binance-wazirx-and-other-exchanges-users-fume-as-orders-fail/articleshow/82793305.cms">Cryptocurrency crash brings down Binance, WazirX and other exchanges – users fume as orders fail</a> <a href="https://www.businessinsider.in/retail/news/a-cup-of-regular-tea-has-never-been-this-expensive-in-india-thanks-to-kooky-weather/articleshow/82792489.cms">A cup of regular tea has never been this expensive in India, thanks to kooky weather</a> <a href="https://www.businessinsider.in/science/space/news/the-first-seat-on-jeff-bezos-rocket-to-space-is-selling-for-a-record-high-of-2-8-million/articleshow/82791575.cms">The first seat on Jeff Bezos’ rocket to space is selling for a record high of $2.8 million</a>

Nvidia is desperately trying to stop its chips from being used for crypto mining

<ul><li><keyword id="11897493" type="UNKNOWN" weightage="60" keywordseo="nvidia" source="Orion">Nvidia</keyword>'s second-quarter earnings report revealed continue growth that surpassed analyst estimates.</li><li>The graphics card manufacturer said revenue grew 68% to a record $6.51 billion.</li><li>Here's what 3 Wall Street analysts had to say about Nvidia's second-quarter earnings report.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> jumped as much as 2% on Thursday after the computing company released record <a href="https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2022#:~:text=NVIDIA%20(NASDAQ%3A%20NVDA)%20today,Center%20and%20Professional%20Visualization%20platforms.">second-quarter earnings results</a> that surpassed analyst estimates.The company saw continued strength in its gaming, data center, and professional visualization businesses, each helping drive year-over-year revenue growth of 68%.Here were the key numbers:Revenue: $6.51 billion, versus estimates of $6.34 billion Adjusted earnings per share: $1.04, versus estimates of $1.02 Third quarter outlook: $6.80 billion, versus estimates of $6.53 billionOn the crypto front, Nvidia said it expects a decline in the sale of its crypto mining processors, especially as ethereum transitions to EIP-3554, which will make the cryptocurrency essentially unmineable. The company also said it expects the ongoing chip shortage to last well into 2022. Nvidia said it continues to work through the regulatory process for completing its proposed acquisition of Arm."Although some Arm licensees have expressed concerns or objected to the transaction, and discussions with regulators are taking longer than initially thought, we are confident in the deal and that regulators should recognize the benefits of the acquisition to Arm, its licensees, and the industry," Nvidia CFO Colette Kress said.Here's what 3 Wall Street analysts had to say about Nvidia's second-quarter earnings report.Bank of America: "Demand continues to outpace supply.""We believe the call eased concerns around two key overhangs: (1) data center has decelerated the last 4 qtrs however, lion's share of growth will be driven by data center, suggesting reacceleration to 40% YoY growth from 35% in Q3; (2) gaming demand solid as only 20% of gamers have adopted ray-tracing technology which has 50-70% higher ASP and everexpanding traditional and e-sports gamer base," BofA said."Long term we believe Nvidia's data center can sustain 30%+ annual growth driven by expanding adoption of AI accelerators, growing need for DPU compute offload, and eventual foray into server CPUs," BofA said.<a href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America</a> reiterated its Buy rating and increased its price target to $260 from $250.JPMorgan: "We continue to see an upward bias in earnings estimates as we move through CY21 and into CY22.""With solid product cycles in Gaming (new RTX 30 series family) and sustainable strong demand from Data Center customers (ramp of its A100 platform), we continue to see an upward bias in earnings estimates as we move through CY21 and into CY22," JPMorgan said.<a href="https://markets.businessinsider.com/stocks/jpm-stock">JPMorgan</a> reiterated its Overweight rating and increased its price target to $220 from $215.Goldman Sachs: "The best positioned company to address and monetize the proliferation of accelerating computing.""We believe the risk of an inventory correction significant enough to drive an earnings miss analogous to what transpired in 2017/2018 is limited given, 1) the company was quick this time around to introduce the Crypto Mining Processor to address mining demand; 2) while there appear to be ways to work-around the restrictions, the reduced hash rate on certain GeForce SKUs has dis-incentivized miners from 'hoarding' gaming GPU supply; and 3) unlike the 2017/2018 time frame, channel inventory is low and Nvidia is not at the very tail end of a gaming GPU product cycle," Goldman said.<a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> does not currently have a rating or price target for Nvidia.

"Demand continues to outpace supply": Here's what 3 Wall Street analysts are saying about Nvidia's 2nd quarter earnings results

<ul><li><keyword id="11179253" type="UNKNOWN" weightage="20" keywordseo="asus-rog-flow-x13">Asus ROG Flow X13</keyword> was first showcased at the CES 2021. </li><li>The laptop is focused on gamers who want the ease and portability of a 2-in-1 ultrabook. </li><li>It’s unclear if the company will launch the XG Mobile external GPU alongside the laptop.</li></ul><keyword id="139648" type="COMPANY" weightage="20" keywordseo="ASUS">Asus</keyword> will be launching the much-hyped ROG Flow X13 2-in-1 gaming laptop in India on May 12. The <keyword id="18542" type="COMPANY" weightage="20" keywordseo="AMD">AMD</keyword> powered laptop was first unveiled at the Consumer Electronics Show (CES) 2021 in its <a href="https://markets.businessinsider.com/news/stocks/asus-republic-of-gamers-announces-an-astounding-array-of-gaming-innovations-at-ces-2021-1029961711">gaming portfolio</a> alongside the company's XG Mobile external GPU. Earlier this week, a source close to the matter told Business Insider India that Asus is planning to launch a premium laptop on May 12. The same source has now confirmed that the laptop model is its ultraportable gaming laptop — the ROG Flow X13. The laptop is a mix of a gaming laptop packed in a portable and lightweight 2-in-1 body with a flippable 360-degree touchscreen. <div type="image" title="ASUS ROG Flow X13." msid="82322182" hostid="261" caption="&amp;lt;p&amp;gt;ASUS ROG Flow X13 laptop.&amp;lt;/p&amp;gt;"></div> ROG Flow X13 - an ultraportable 2-in-1 gaming laptop The Flow X13 made its global debut in January 2021, so its features are already known. It is a 13-inch gaming laptop that draws power from AMD's Ryzen 9 5980HS (top variant) mobile processor topped with an NVIDIA GeForce GTX 1650 graphics card. At CES, Asus revealed that it's using AMD's top binned CPUs for this model to ensure "highest quality silicon" for efficient performance. The display measures 13.3-inches having a 16:10 aspect ratio with both touch and stylus input. The global variant comes with either a 1080p (Full HD) 120Hz or a 4K 60Hz display with support for adaptive sync, which is likely to be the case in India. The display is also topped with Corning Gorilla Glass for an added later protection. The biggest highlight of the design is its ability to convert 360-degrees, which lets you use it as a regular laptop and a tablet as well. Another major highlight is its battery, which is said to last up to 18 hours, with 10 hours of expected battery life during continuous video playback. It comes with a 100 W USB Type-C PD charger which is claimed to charge 0 to 60% in around 39 minutes. Guessing ROG Flow X13's price in India is a little tricky as Asus offers two configurations of the laptop in the US - one with the 5900HS and a 120Hz, 1,920x1,200-pixel display and the other with a 5980HS-based "Supernova" edition with a 3,840x2,400, 60Hz screen. Both the versions are bundled with XG Mobile priced at $3300 (approx Rs 2,44,475) for Supernova, $2800 (approx Rs 2,07,434) for the standard model, and it can also be bought separately (without XG Mobile) at $1500 (approx Rs 1,11,125). ALSO SEE: <a href="https://www.businessinsider.in/tech/news/tim-cook-hints-apple-ipad-pro-and-imac-2021-with-m1-chip-to-be-short-in-supply/articleshow/82309216.cms" data-type="tilCustomLink">Tim Cook hints Apple’s new iPad Pro and iMac with M1 chip may face a supply shortage</a> <a href="https://www.businessinsider.in/tech/news/google-assistant-to-get-better-at-pronouncing-names-and-having-conversations/articleshow/82304581.cms" data-type="tilCustomLink">Google Assistant to get better at pronouncing names and having conversations</a>

Exclusive: Asus ROG Flow X13 — company’s portable 2-in-1 gaming laptop will launch in India on May 12

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Thomson ReutersFILE PHOTO: Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei</div></div></div><ul><li><a href="http://markets.businessinsider.com/stocks/nvda-stock">Nvidia </a>dropped 10% on Tuesday<a href="http://markets.businessinsider.com/news/stocks/nvidia-stock-price-nosedives-after-report-it-will-halt-self-driving-car-tests-2018-3-1019599844"> after saying it was halting self-driving tests</a> following a fatal crash.</li><li>Morgan Stanley analyst Joseph Moore told clients that dip was an overreaction. </li><li><a href="http://markets.businessinsider.com/stocks/nvda-stock">You can follow Nvidia's stock price in real-time here&gt;&gt;</a></li></ul>As <a href="http://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> CEO Jensen Huang showed off some of the company's latest tech developments on stage at its <a href="http://markets.businessinsider.com/news/stocks/nvidia-stock-price-gpu-technology-conference-investor-day-2018-3-1019581495">2018 GPU Technology Conference in California on Tuesday</a>, the stock was being <a href="http://markets.businessinsider.com/news/stocks/nvidia-stock-price-nosedives-after-report-it-will-halt-self-driving-car-tests-2018-3-1019599844">clobbered for entirely different reasons.</a>After an unnamed source told Reuters the company was shutting down all of its self-driving tests in New Jersey, California, Japan, and Germany, shares of Nvidia tanked more than 10% - and continued to sink on Wednesday."We do see today's selloff around the automotive pause as an overreaction," Morgan Stanley analyst Joseph Moore said in a note to clients Wednesday highlighting some of the new tech announced at the conference."The company is not of the view that it has done anything wrong and does not see it as a long term setback, which we basically agree with."Morgan Stanley maintains its equal-weight rating for shares of Nvidia, with a price target of $258 - 18% above where the stock was trading Wednesday morning.Was Street also remains bullish on Nvidia, despite the selloff, with an average price target of $250, according to Bloomberg. The stock was one of the top performing equities in 2017."We would expect data points to be a bit more mixed in the gaming space as mining related shortages come to an end in the next few months, but would see that as a potential buying opportunity with a significant new product cycle coming," Morgan Stanley said. "With that context, we are equal-weight the stock."<a href="http://www.businessinsider.com/intelligence/the-self-driving-car-race?IR=T&amp;utm_source=businessinsider&amp;utm_medium=ctgr&amp;utm_term=ctgr_leadgen&amp;utm_content=transportation_ctgr_leadgen&amp;utm_campaign=transportation_ctgr_leadgen_self-driving-car-race"></a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/meaning-of-fake-news-and-make-america-great-again-steven-pinker-2018-3">Harvard professor Steven Pinker explains the disturbing truth behind Trump's 2 favorite phrases</a></h3> <div> </div> </div>

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