USDCHF Clawing Back Following Monday’s Break

USDCHF Midday Price Boost Monday July 31

Swiss Franc  1972-2017 | Data | Chart | Calendar | Forecast | News

CURRENCY TRADERS

USD/CHF 4 Hours Chart

USDCHF Midday Price The USDCHF increased 0.0007 or 0.07% to 0.9693 on Monday July 31 from 0.9686 in the previous trading session. Historically, the Swiss Franc reached an all time high of 3.88 in April of 1972 and a record low of 0.72 in August of 2011.

With 0.9633 minor support intact, intraday bias in USD/CHF remains on the upside for further rise. Prior break of 0.9699 resistance suggests near term reversal after defending 0.9443 key support. Further rally should be seen to 38.2% retracement of 1.0342 to 0.9437 at 0.9783 first. Break will target channel resistance (now at 0.9899). On the downside, below 0.9633 minor support will turn intraday bias neutral and bring consolidations first.



USDCHF Midday Price

 

In the bigger picture, current development argues that USD/CHF has successfully defended 0.9443 key support level. And long term range trading in 0.9443/1.0342 is extending with another rise. At this point, there is no sign of an up trend yet. Hence, while further rise is expected in USD/CHF, we’ll start to be cautious on loss of momentum above 61.8% retracement of 1.0342 to 0.9437 at 0.9996.Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



FTSE 100 Stock  The FTSE 100 Index is a major stock market index which tracks the performance of 100 most capitalized companies traded on the London Stock Exchange. FTSE 100

STOCK INVESTORS UK FTSE 100 Midday Boost on Wednesday July 19

UK FTSE 100 Stock Market Index  | Data | Chart | Calendar

STOCK INVESTORS  FTSE 100 Midday  FTSE 100 increased 29 points or 0.40% to 7419 on Wednesday July 19 from 7390 in the previous trading session. Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7547.63 in May of 2017 and a record low of 427.50 in February of 1978.

U.K. stocks closed higher Wednesday, with Reckitt Benckiser Group PLC among the notable advancers after striking a deal to sell its food business.

The FTSE 100 index UKX, +0.55%  was up 0.6% to end at 7,430.91, rallying after finishing down by 0.2% on Tuesday.

Reckitt Benckiser shares RB., +1.60%  tacked on 1.6%. The consumer-product maker reached a deal to sell its food division for $4.2 billion to spice seller McCormick & Co. MKC, -5.36%

Shares of rival consumer-product heavyweight Unilever PLC ULVR, +0.55%  were up 0.6%.

McCormick plans to integrate the RB Foods business—which includes French’s mustard and Frank’s RedHot hot sauce—into its commercial and industrial segments.



FTSE 100 Midday

UK FTSE 100 Stock Market Index

The FTSE 100 Index is a major stock market index which tracks the performance of 100 most capitalized companies traded on the London Stock Exchange. FTSE 100 companies represent about 80 percent of the entire market capitalization of the London Stock Exchange. It is a free-float index. The FTSE 100 has a base value of 1000 as of January 3, 1984. This page provides – United Kingdom Stock Market (FTSE 100) – actual values, historical data, forecast, chart, statistics, economic calendar and news. UK FTSE 100 Stock Market Index – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
7419.24 7391.90 7547.63 427.50 1978 – 2017 points Daily

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



BUZ INVESTORS PRESS RELEASE Technology-Enabled Spaces Steelcase and Microsoft Corp. have joined forces to explore the future of work, developing a range of technology- enabled spaces designed to help organizations foster creative thinking

Steelcase and Microsoft Announce Development of Technology-Enabled Spaces Designed to Boost Creative Work

|Chart | Calendar   | TRADE NOW | Microsoft

Steelcase and Microsoft Announce Development of Technology-Enabled Spaces Designed to Boost Creative Work

BUZ INVESTORS PRESS RELEASE Technology-Enabled Spaces    Steelcase and Microsoft Corp. have joined forces to explore the future of work, developing a range of technology- enabled spaces designed to help organizations foster creative thinking and better collaboration. These spaces seamlessly integrate the best of Microsoft Surface devices with Steelcase architecture and furniture. Today the companies unveiled five new âCreative Spacesâ showcasing how Steelcase and Microsoft can help organizations unlock creativity for every employee.

Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d61a1308-51c6-4c34-ad29-6eec6a036c13

http://www.globenewswire.com/NewsRoom/AttachmentNg/e57257e1-1dcd-42c5-b177-3a70c3443c51

http://www.globenewswire.com/NewsRoom/AttachmentNg/064508dd-7125-4e6d-b70c-15cd38ea2066

http://www.globenewswire.com/NewsRoom/AttachmentNg/13b53c9a-8418-4afd-a02f-393317b825db

http://www.globenewswire.com/NewsRoom/AttachmentNg/0c537bf5-57ba-493b-bb45-6027ccc34db3

Additionally, Steelcase and Microsoft announced:

  • That Microsoft is expanding its partner network into the world of design by bringing in select Steelcase dealers as authorized Surface Hub resellers.
  • Steelcase and Microsoft are working together to develop technology-enabled workplace solutions built on Microsoft Azure IoT technology.




Technology-Enabled Spaces

>>>TRADE NOW<<<

âThe problems people face at work today are much more complex than they used to be. They require a new creative way of thinking and a very different work process,â says Sara Armbruster, vice president of strategy, research and new business innovation for Steelcase. âWe believe that everyone has the capacity for creative thinking, and people are happier doing creative, productive work. Together, Microsoft and Steelcase will help organizations thoughtfully integrate place and technology to encourage creative behaviors at work.â

The Problem: Fostering Creativity as a Business Advantage
According to joint research conducted by Steelcase and Microsoft, creativity is seen as a critical job skill driven by organizationsâ need for innovation and growth in addition to employeesâ desire for meaningful work. However, today many organizations invest in technology and space as separate entities rather than approaching them holistically. The lack of cohesion creates sub-optimal conditions for fostering creativity at work.

The research released today (of 515 US and Canadian companies with 100 employees)i reveals the pressure people feel about the shift toward more creative work:

  • Seventy-two percent of workers from diverse fields including Health Care, Retail, Education, Financial Services and Manufacturing believe their future success depends on their ability to be creative.
  • Seventy-six percent believe emerging technologies will change their jobs, requiring more creative skills as routine work becomes automated.
  • There is greater need to collaborate in business, yet only 25 percent of respondents feel they can be creative in the places they currently have available for group work.
  • The study also reveals the connection between creativity and privacy, as employees ranked having a place to work without disruption as the second highest factor that could improve creativity, just behind the need for more time to think.

Creative Spaces
The companiesâ exploration of creative work found that creativity is a process in which anyone can engage and requires diverse work modes as well as different types of technology. People need to work alone, in pairs and in different size groups throughout a creative process, and they need a range of devices that are mobile and integrated into the physical workplace. Additionally, spaces should inspire people without compromising performance.

âEvery Microsoft Surface device strives to enable the creator in each of us. Devices like Surface Studio and Surface Hub are fundamentally designed around how people naturally create, connect, and collaborate,â says Ryan Gavin, general manager, Microsoft Surface Marketing. âWith Steelcase we have the compelling opportunity to blend place and technology into a seamless environment that allows our most important asset, our people, to unlock their creativity and share that with others. The future of work is creative.â

âMost employees are still working with outdated technology and in places that are rooted in the past, which makes it difficult for them to work in new, creative ways,â said Bob OâDonnell, president, founder and chief analyst at TECHnalysis Research. âCreative Spaces were clearly designed to bridge the current gap between place and technology and to help creative work happen more naturally.â

Five initial Creative Spaces are on display now at the Steelcase WorkLife Center in New York City. Spaces include:

Focus Studio: Individual creative work requires alone time to focus and get into flow, while also allowing quick shifts to two-person collaboration. This is a place to let ideas incubate before sharing them with a large group, perfect for focused work with Microsoft Surface Book or Surface Pro 4.

Duo Studio: Working in pairs is an essential behavior of creativity. This space enables two people to co-create shoulder-to-shoulder, while also supporting individual work with Microsoft Surface Studio. It includes a lounge area to invite others in for a quick creative review with Surface Hub or to put your feet up and get away without going away.

Ideation Hub: A high-tech destination that encourages active participation and equal opportunity to contribute as people co-create, refine and share ideas with co-located or distributed teammates on Microsoft Surface Hub.

Maker Commons: Socializing ideas and rapid prototyping are essential parts of creativity. This space is designed to encourage quick switching between conversation, experimentation and concentration, ideal for a mix of Surface devices, such as Surface Hub and Surface Book.

Respite Room: Creative work requires many brain states, including the need to balance active group work with solitude and individual think time. This truly private room allows relaxed postures to support diffused attention.

âWe are facing a time of unprecedented change at work. Through this partnership we will bring together space and technology to help workers and organizations solve the workplace challenges they face today and in the future and ultimately perform their best at work,â explains Armbruster.

Steelcase: Microsoft Surface Hub Reseller
Select Steelcase dealers are authorized to resell Microsoft Surface Hub as a part of the Microsoft partner network beginning today in the United States and Canada, and in later Summer 2017 additional dealers in Germany and the United Kingdom are expected to be added to the program. The companies will announce additional markets in the coming months. As the spaces roll out in the Americas, Europe and Asia Pacific, the range of spaces will continue to expand and evolve.

Internet of Things
In the coming months, Steelcase expects to announce new technology-enabled office solutions built on Microsoft Azure IoT technology, which will provide companies with analytics that help improve workplaces and solutions to help employees find the best places to do diverse types of work within the office.

For more information on Creative Spaces and the partnership between Microsoft and Steelcase, visit www.steelcase.com/creativity or www.microsoft.com/en-us/devices/business/steelcase.

About Microsoft
Microsoft (Nasdaq âMSFTâ @Microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

About Steelcase Inc.
For over 100 years, Steelcase Inc. has helped create great experiences for the world’s leading organizations. We demonstrate this through our family of brands – including Steelcase®, Coalesse®, Designtex® PolyVision® and Turnstone®. Together, they offer a comprehensive portfolio of architecture, furniture and technology products and services designed to unlock human promise and support social, economic and environmental sustainability. The company is globally accessible through a network of channels, including over 800 dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal 2016 revenue of $3.1 billion.




BUZ INVESTORS Saudi Aramco State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15

Saudi Aramco to boost oil loading capacity with reopened terminal

Saudi Aramco to boost oil loading capacity with reopened terminal

The logo of Saudi Aramco. Photo: Reuters

BUZ INVESTORS Saudi Aramco  State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 million barrels per day, Saudi officials said.

Located on the Red Sea, Muajjiz had been used as an export terminal for Iraqi crude through the Iraqi Pipeline in Saudi Arabia (IPSA), but it has not carried Iraqi crude since Saddam Hussein invaded Kuwait in 1990.

The pipeline was confiscated by Saudi Arabia in 2001 as compensation for debts owed by Baghdad.

 




Saudi Aramco

>>>>TRADE NOW<<<<

Saudi Arabia had used the IPSA pipeline to transport gas to power plants in the west of the country for years before test opening it in 2012, giving Riyadh scope to export more of its crude should Iran try to block the Strait of Hormuz.

Saudi’s arch-rival has in the past threatened to block the Hormuz shipping channel, through which 40 per cent of the world’s seaborne oil exports pass, in retaliation for sanctions placed on its crude exports by Western powers in 2012.

Bringing Muajjiz terminal online next year would boost the kingdom’s total oil handling capacity to 15 million barrels per day (bpd) from 11.5 million bpd currently, Mohammed al-Qahtani, Aramco’s senior vice president for upstream, said in an interview at the company’s headquarters in Dhahran.

The additional capacity from Muajjiz, which will be integrated into the Yanbu crude oil terminal, will accommodate the increased volumes of fuel oil and supplies of Arabian heavy crude oil to the Yasref, Jazan and Jiddah local refineries.

The move will boost Aramco’s ability to meet its commitments to customers and maintain its export capability from the kingdom’s west coast.

“Restoring operations at al-Muajjiz will offer Saudi Aramco more flexibility in terms of its crude oil and product sales, and traffic configuration out of the Red Sea without affecting its intense operations out of the Arabian Gulf, which are largely dedicated to the Asian markets,” said Sadad al-Husseini, a former Aramco senior executive and now an energy consultant.

Saudi Arabia has three primary oil export terminals, including the port of Ras Tanura on the Gulf, with an average capacity of around 3.4 million bpd and which handles most of Saudi Arabia’s exports, according to the US Energy Information Administration (EIA).

The Ras al-Ju’aymah facility on the Gulf has an average handling capacity of about three million bpd and can accommodate the largest oil tankers for crude loadings.

The Yanbu terminal on the Red Sea, from which most of the remaining volumes are exported, has an average handling capacity of 1.3 million bpd.

Like up on FACEBOOK
Market quotes are powered by
TradingView.com


Commodities ( Gold ) ( Silver ) ( Lithium )




Buz Investors Verizon Yahoo The Yahoo! Inc. (NASDAQ:YHOO) saga is over. After years of attempting to restore the company to its former glory, the tech giant is on its way to a buyout by Verizon Communications Inc.

Will the Yahoo Takeover Boost VZ Stock?

Verizon Yahoo Deal

Buz Investors Verizon Yahoo The Yahoo! Inc. <span data-recalc-dims=(NASDAQ:YHOO) saga is over. After years of attempting to restore the company to its former glory, the tech giant is on its way to a buyout by Verizon Communications Inc." width="300" height="200" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Yahoo-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Yahoo-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors Verizon Yahoo The Yahoo! Inc. (NASDAQ:YHOO) saga is over. After years of attempting to restore the company to its former glory, the tech giant is on its way to a buyout by Verizon Communications Inc. (NYSE:VZ). Despite bumps in the road, the question pestering investors for years—”‘Is Yahoo sold?”— finally has a definitive answer.

The Verizon Yahoo deal marks the end of Yahoo management’s multiple attempts at re-configuring the company to reach its past riches of the $125.0-billion market capitalization. Investors are looking to see the impacts that the deal will



Other Stories Buz Traders Follow

Verizon Yahoo 

Initially, the Verizon Yahoo deal was valued at $4.83 billion, but that was before information regarding two massive hacks that affected up to 1.5 billion Yahoo users came to light at the end of 2016. Following the data breaches becoming public knowledge, and with the knowledge it might affect the Verizon stock price, Verizon went back to the drawing board. Many believed the Verizon Yahoo deal to be in serious peril.

So far, at least one shareholder lawsuit has been filed against Yahoo, soon after the SEC investigation was announced. The lawsuit is seeking class-action status in federal court and alleges that Yahoo and its top executives, CEO Marissa Mayer and CFO Ken Goldman, made public misrepresentations and failed to fully disclose material facts to investors concerning the data breaches.

Alternatively, Verizon is swinging big with its attempt at muscling in on the online digital advertising market, where it is currently a small player. The question is whether the Yahoo acquisition will provide the boost that Verizon stock needs to challenge the other top competitors in that space.

Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )




Buz Investors ADM to boost dividend Agricultural products maker Archer-Daniels-Midland (ADM) has an impressive 41-year streak of dividend increases, which it will likely extend with its next dividend announcement

$ADM to boost dividend

Archer-Daniels-Midland to boost dividend

Buz Investors ADM to boost dividend Agricultural products maker Archer-Daniels-Midland <span data-recalc-dims=(ADM) has an impressive 41-year streak of dividend increases, which it will likely extend with its next dividend announcement" width="300" height="160" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/10664_14559543612564_0.resized.png?resize=300%2C160 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/10664_14559543612564_0.resized.png?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors ADM to boost dividend Agricultural products maker Archer-Daniels-Midland (ADM) has an impressive 41-year streak of dividend increases, which it will likely extend with its next dividend announcement. Look for the company to announce its next dividend this week. The stock has gained 32.9% over the last year.

 

 




Other Stories Buz traders Follow

 ADM to boost dividend

ADM was recently trading at $44.85, down $3.03 from its 12-month high and $13.55 above its 12-month low. Overall technical indicators for ADM are bullish with a strong upward trend. The stock has recent support above $43.15, and recent resistance below $45.50. Of the 11 analysts who cover the stock, three rate it a “strong buy”, seven rate it a “hold”, and one rates it a “strong sell”. The stock receives S&P Capital IQ’s 3 STARS “Hold” ranking.
With a 41-year streak of dividend increases, ADM is a true dividend aristocrat, and given that the stock has a fairly low 53.3% payout ratio, it can easily afford to build on its streak of increases. The company has historically announced its dividend increases during the first week of February, and there is no reason to expect it will deviate from that timeline this year. The stock is currently yielding 2.7%, so the company will not likely announce a huge increase this year. Last year the company boosted its dividend by 7.1%, and in the previous year it increased its quarterly distribution by 16.6%. I would expect this year’s increase to be more in-line with last year’s increase, and the company boosting its payout from $0.30 to around $0.32, for a 6.7% increase. Expect the news this week, with the stock trading ex-dividend mid-February.

Commodities ( Gold ) ( Silver ) ( Lithium )




KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK'S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK'S GDT PRICE INDEX?

KIWI TO GET A BOOST The market for the Kiwi has been relatively subdued at the start of the week with much of the focus on the pound and the hard-Brexit concerns that have given way to a phase of risk aversion once again in Global markets.

However, focus will soon turn to New Zealand and the correlation between the kiwi and global dairy prices. We have seen a slump in global demand of late, but as the NZ Herald reports, “Futures market trading is pointing to a mild improvement in dairy prices at this week’s GlobalDairyTrade auction after a surprisingly weak start to the year.”

Other Stories Buz Traders Follow

KIWI TO GET A BOOST

The consensus of world dairy prices for the year ahead is that production in decline should be supportive while supply is speculated to continue to contract in major producing countries, except the US where there is a strong domestic demand for butter, along with a range of commodities as a whole.

“Whole milk powder prices look likely to improve a little after dropping 7.7 per cent at the previous sale in what was later seen as a rebalancing between the main products on offer,” explained Jamie Gray, a business reporter for the NZ Herald.

NZD/USD 1-3 month:

Analysts at Westpac expect the bird to move lower to 0.6800. “The US dollar has had an impressive rise since the US election and has potential to rise further during the months ahead. The Fed’s assertive tightening projections plus US fiscal expansion should maintain upside pressure on US interest rates and the US dollar. Against that, the NZ economy is strong and dairy prices have risen, but these forces are subservient to the US dollar’s trend.”

Apple Stock: This Secret Tech Could Boost Apple Inc.

Apple Stock: This Secret Tech Could Boost Apple Inc.

Apple Stock: This Secret Tech Could Boost Apple Inc.

  • Buz Investors Secret Tech Could Boost Apple (NASDAQ:AAPL) has hit the headlines again due to an exciting piece of news that surfaced over the weekend. Reports hinted that Apple’s secret project, believed to be closed down, is indeed quite alive and kicking.
  • The secret tech that the company has been working on is still very much on the agenda. In the post-Donald Trump election environment of gloom and doom in the tech sector, could this be the boost that Apple stock needs?
  • In a letter dated November 22, Apple Inc.’s director of product integrity, Steve Kenner, wrote to the U.S. National Highway Traffic Safety Administration (NHTSA), providing his comments on the proposed Federal Automated Vehicles Policy. (Source:  “Docket No. NHTSA-2016-0090,”  Regulations.gov, November 22, 2016.)

Secret Tech Could Boost Apple

Buz Investors Secret Tech Could Boost Apple <span data-recalc-dims=(NASDAQ:AAPL) has hit the headlines again due to an exciting piece of news that surfaced over the weekend. Reports hinted that Apple’s secret project, believed to be closed down, is indeed quite alive and kicking." width="300" height="164" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/12/Apple-Stock1-300x164.resized.jpg?resize=300%2C164 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/12/Apple-Stock1-300x164.resized.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

Secret Tech Could Boost Apple The move into promising new areas of growth is important for Apple stock, which is likely to struggle with “iPhone” sales in the near future. This pessimism has been weighing on Apple stock for quite some time now. The company is under pressure to prove that it is investing in technologies of the future.

Autonomous driving technology is one such growth area for companies today, and the letter highlights Apple Inc.’s interest in the self-driving technology. On the issue of automated vehicles, Apple said that “it is vital that those developing and deploying automated vehicles follow rigorous safety principles in design and production.” (Source: Ibid.)

Other Stories Buz Traders share

Secret Tech Could Boost Apple

 

However, this letter confirms the interest of the smartphone maker in self-driving capability in vehicles. This may lead, in the future, to the licensing of its software to other carmakers. A number of auto manufacturers have made clear their plans for electric vehicles in the coming years. With competition in the electric vehicle category heating up, Apple Inc. may turn out to gain from this strategy, and this may lift AAPL stock.

The Apple iPhone is facing increased competition from Alphabet Inc’s (NASDAQ: GOOG, GOOGL) “Pixel” and other smartphone manufacturers. Moreover, President-elect Donald Trump’s insistence on manufacturing Apple products in the U.S. is weighing on Apple stock.

 

 




NVIDIA Corporation: How Did Tesla Help Boost NVDA Stock?

NVIDIA Corporation: How Did Tesla Help Boost NVDA Stock?

NVIDIA Corporation: How Did Tesla Help Boost NVDA Stock?

  • Buz Investors Tesla Help Boost NVDA Stock (NASDAQ:NVDA) stock jumped by almost 16% in after-hours trading following a report of 53.6% growth in quarterly revenue, which was aided by signing a deal with Tesla Motors Inc (NASDAQ:TSLA) to produce car chips.
  • NVDA stock benefited from the company’s graphics processing units business, which accounts for about 85% of its total revenue. This part of NVIDIA grew by 52.9% to $1.70 billion in the quarter. But the company has increasingly expanded into industries other than computer graphics cards, including virtual reality (VR) and chips in self-driving cars.
  •  The company even got on board with Tesla recently, signing an agreement to supply chips for Tesla’s “Autopilot” system. This helped send the automotive section of the business’s revenue up 60.8% to $127.0 million.

Tesla Help Boost NVDA  on the Rise, Partly Thanks to Tesla

NVIDIA Corporation: How Did Tesla Help Boost NVDA Stock?

Tesla Help Boost NVDA Stock NVDA stock benefited from the company’s graphics processing units business, which accounts for about 85% of its total revenue. This part of NVIDIA grew by 52.9% to $1.70 billion in the quarter. But the company has increasingly expanded into industries other than computer graphics cards, including virtual reality (VR) and chips in self-driving cars. The company even got on board with Tesla recently, signing an agreement to supply chips for Tesla’s “Autopilot” system. This helped send the automotive section of the business’s revenue up 60.8% to $127.0 million.

Other Stories Buz Traders Share

Tesla Help Boost NVDA Stock

This is all coming as NVDA stock prepares for Q4, which will see some gamers rushing to purchase heavy-duty graphics cards in order to run recently released titles like Battlefield 1 and Call of Duty: Infinite Warfare, both of which were released within the past three weeks. The holiday season is also certain to see game sales go up, and where there are game sales, there are NVIDIA chips to help run them, waiting to be purchased.

NVDA stock has had a rocking 2016, with share prices up 105% since the beginning of the year. The stock did fall during day trading by about three percent, following the trend of other tech giants on the day, but otherwise NVDA has had a strong run this year, with today’s earnings report only further cementing the impressive run by the company.