Shares of NVIDIA Corporation (NASDAQ:NVDA) ended Wednesday session in green amid volatile trading. The shares closed up +0.53 points or 0.89% at $60.40 with 7.98 million shares getting traded. Post opening the session at $60.01, the shares hit an intraday low of $59.51 and an intraday high of $60.60 and the price vacillated in this range throughout the day. The company has a market cap of $31.85 billion and the numbers of outstanding shares have been calculated to be 535.00 million shares.
NVIDIA Corporation (NVDA) on September 13, 2016 unveiled a palm-sized, energy-efficient artificial intelligence (AI) computer that automakers can use to power automated and autonomous vehicles for driving and mapping.
The new single-processor configuration of the NVIDIA® DRIVE™ PX 2 AI computing platform for AutoCruise functions — which include highway automated driving and HD mapping — consumes just 10 watts of power and enables vehicles to use deep neural networks to process data from multiple cameras and sensors. It will be deployed by China’s Baidu as the in-vehicle car computer for its self-driving cloud-to-car system.
DRIVE PX 2 enables automakers and their tier 1 suppliers to accelerate production of automated and autonomous vehicles. A car using the small form-factor DRIVE PX 2 for AutoCruise can understand in real time what is happening around it, precisely locate itself on an HD map and plan a safe path forward.
“Bringing an AI computer to the car in a small, efficient form factor is the goal of many automakers,” said Rob Csongor, vice president and general manager of Automotive at NVIDIA. “NVIDIA DRIVE PX 2 in the car solves this challenge for our OEM and tier 1 partners, and complements our data center solution for mapping and training.”
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) ended Wednesday session in green amid volatile trading. The shares closed up +0.25 points or 0.58% at $43.66 with 7.78 million shares getting traded. Post opening the session at $43.48, the shares hit an intraday low of $43.43 and an intraday high of $44.03 and the price vacillated in this range throughout the day. The company has a market cap of $32.34 billion and the numbers of outstanding shares have been calculated to be 741.47 million shares.
Activision Blizzard, Inc. (ATVI) on September 15, 2016 announced the pricing of two series of senior unsecured notes in an aggregate principal amount of $1.5 billion, in a private offering, consisting of $650 million of 2.300% senior notes due 2021 and $850 million of 3.400% senior notes due 2026. The senior notes due 2021 will be issued at a price equal to 99.878% of their principal amount. The senior notes due 2026 will be issued at a price equal to 99.614% of their principal amount.
The offering is expected to close on September 19, 2016, subject to customary closing conditions.
Each series of notes will be guaranteed on an unsecured senior basis by each of Activision Blizzard’s subsidiaries that is a guarantor under its senior credit facilities. Each series of notes will be effectively subordinated to all of Activision Blizzard’s future senior secured debt, if any, to the extent of the value of the assets securing such debt.
Activision Blizzard intends to use the net proceeds of approximately $1.48 billion from the offering, together with cash on hand, to redeem all $1.5 billion aggregate principal amount of its existing 5.625% senior notes due 2021 at a redemption price of 104.219%, plus accrued and unpaid interest.