The9 Ltd
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Communication Services : Entertainment |
Based in China
Company profile

The9 Limited (The9), formerly GameNow.net Limited is a holding company, which is an online game developer and operator. The Company operates in developing and operating online games and related services segment. It develops and operates the business of Fun Box, a home entertainment set top box, which enables online video and video games on television. It offers online games, including massively multiplayer online role playing games (MMORPGs), massively multiplayer online first-person shooter games (MMOFPSs), Web games, social games, mobile games and television games. It is also engaged in mobile advertising and mobile application education businesses. Its training services relate to smart phone application programming training provided to college students in China. It develops and operates mobile advertising platform, Juzi, under its wireless business unit. The Company's online games include Firefall and Song of Knights. Its game under development includes CrossFire 2.

This security is an American depositary receipt
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Closing Price
$15.26
Day's Change
-2.36 (-13.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
17.74
Day's Low
15.06
Volume
(Heavy Day)
Volume:
1,725,450

10-day average volume:
1,178,338
1,725,450

UPDATE: Nvidia stock rallies after revenue outlook raised

4:12 pm ET April 12, 2021 (MarketWatch)
Print

By Wallace Witkowski

Nvidia shares close short of all-time high after revealing quarterly sales are tracking ahead of forecast, revealing new products

Nvidia Corp.'s stock rallied Monday but closed short of a record high after the chip maker's annual conference kicked off with a rosy revenue outlook and product announcements.

Nvidia's (NVDA) stock surged to an intraday high of $614.10, but ended up closing 5.6% higher on the session at $608.36, short of its all-time closing high of $613.21 set on Feb. 16.

Nvidia shares gained after Chief Executive Jensen Huang announced at its annual GTC developers conference Monday morning that the chip maker was launching its first data-center central processing unit (https://www.marketwatch.com/story/nvidia-steps-up-competition-with-intel-and-amd-with-first-data-center-cpu-based-on-arm-11618246263), or CPU -- as opposed to its core graphics processing unit, or GPU, product -- based on Arm Holdings PLC technology, upping its competition against rivals Intel Corp. (INTC) and Advanced Micro Devices Inc. (AMD)

Don't miss: Nvidia steps up competition with Intel and AMD with first data-center CPU, based on Arm (https://www.marketwatch.com/story/nvidia-steps-up-competition-with-intel-and-amd-with-first-data-center-cpu-based-on-arm-11618246263)

Gains accelerated later in the day, after the company revealed that fiscal first quarter revenue is tracking above its $5.3 billion forecast. In late February (https://www.marketwatch.com/story/nvidia-quarterly-sales-top-5-billion-for-first-time-11614202574), Nvidia had forecast revenue between $5.19 billion and $5.41 billion. Analysts surveyed by FactSet expect $5.32 billion. Nvidia Chief Financial Officer Colette Kress said that revenue was "tracking above the $5.30 billion outlook provided during our fiscal year-end earnings call," but did not provide a specific new target.

"Within Data Center we have good visibility, and we expect another strong year. Industries are increasingly using AI to improve their products and services," Kress said in a statement. "We expect this will lead to increased consumption of our platform through cloud service providers, resulting in more purchases as we go through the year. "

Nvidia also said it expects first quarter revenue of $150 million for its cryptocurrency mining chip (https://www.marketwatch.com/story/nvidia-releasing-dedicated-crypto-mining-product-amid-shortage-of-gaming-cards-11613678848)s, up from a previously expected $50 million.

Most of the chip sector was trading lower Monday, as the PHLX Semiconductor Index down 1.1% as the S&P 500 index declined less than 0.1%. Over the past 12 months, Nvidia stock is up 131%, while the SOX index is up 103% and the S&P 500 is up 48%.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 12, 2021 16:12 ET (20:12 GMT)

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