Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  NVIDIA Corporation    NVDA

NVIDIA CORPORATION

(NVDA)
  Report  
Delayed Quote. Delayed Nasdaq - 08/16 04:00:00 pm
159.56 USD   +7.25%
08/16After Yield-Curve Inversion, Tech Stocks Look Promising -- Update
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16Nvidia and GE rise while Dillard's and Sasol fall
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

EU Commission fines Qualcomm for second time over market abuse

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2019 | 07:27am EDT
European Competition Commissioner Margrethe Vestager addresses a news conference on an antitrust case in Brussels

BRUSSELS (Reuters) - Qualcomm, the world's no.1 chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty.

The European Commission, the EU's competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp.

"Qualcomm's strategic behavior prevented competition and innovation in the market," Competition Commissioner Margrethe Vestager said in a statement.

In a news conference, she later defended the time it had taken to reach a decision - the Commission first accused the company of predatory pricing in 2015 - saying it had been a complex case that depended on evidence from Qualcomm.

The fine amounts to 1.27% of Qualcomm's turnover in 2018.

Qualcomm said it would appeal the decision, saying it was "unsupported by the law, economic principles or market facts."

The Commission also fined Qualcomm 997 million euros ($1.1 billion) last year for paying iPhone maker Apple to use only its chips, a tactic aimed at thwarting rivals including Intel.

The Commission is investigating another U.S. chipmaker, Broadcom, over whether it hampers rivals. Vestager said the Commission may impose so-called interim measures, which are typically warnings to change behavior, in early autumn.

Qualcomm has been targeted by other enforcers for its business practices. In May, it lost an antitrust lawsuit brought by the Federal Trade Commission, with the judge issuing a sweeping antitrust ruling against the company.

Hefty fines, in particular against U.S. tech giants, have been a hallmark of Vestager's five-year run as Europe's antitrust enforcer, a policy which has earned her the ire of U.S President Donald Trump.

Vestager said she hoped to remain in the post when a new Commission takes office in November, but did not rule out another role. Her term ends on Oct. 31.

(Reporting by Robin Emmott; Editing by Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
APPLE 2.36% 206.5 Delayed Quote.30.91%
BROADCOM INC 1.91% 273.78 Delayed Quote.7.67%
INTEL CORPORATION 1.75% 46.5 Delayed Quote.-2.62%
NVIDIA CORPORATION 7.25% 159.56 Delayed Quote.19.52%
QUALCOMM 2.98% 73.28 Delayed Quote.25.04%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NVIDIA CORPORATION
08/16After Yield-Curve Inversion, Tech Stocks Look Promising -- Update
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16Nvidia and GE rise while Dillard's and Sasol fall
AQ
08/16MARKET SNAPSHOT: Dow Ends Up 300 Points After Volatile Week But Stocks Still ..
DJ
08/16Wall Street ends sharply higher on German stimulus optimism
RE
08/16Tech Up as Nvidia Earnings Buoy Chip Stocks -- Tech Roundup
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16After Yield-Curve Inversion, Tech Stocks Look Promising
DJ
08/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/16EUROPE : German stimulus hopes pull European shares from six-month lows
RE
More news
Financials (USD)
Sales 2020 10 772 M
EBIT 2020 3 569 M
Net income 2020 2 568 M
Finance 2020 7 611 M
Yield 2020 0,39%
P/E ratio 2020 38,5x
P/E ratio 2021 27,2x
EV / Sales2020 8,31x
EV / Sales2021 6,76x
Capitalization 97 172 M
Chart NVIDIA CORPORATION
Duration : Period :
NVIDIA Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NVIDIA CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 180,74  $
Last Close Price 159,56  $
Spread / Highest target 41,0%
Spread / Average Target 13,3%
Spread / Lowest Target -24,8%
EPS Revisions
Managers
NameTitle
Jen-Hsun Huang President, Chief Executive Officer & Director
Debora Shoquist Executive Vice President-Operations
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Sector and Competitors
1st jan.Capitalization (M$)
NVIDIA CORPORATION19.52%90 601
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%205 212
INTEL CORPORATION-2.62%204 599
TEXAS INSTRUMENTS26.83%111 894
BROADCOM INC7.67%106 938
QUALCOMM25.04%86 506