NVIDIA Opens First AI Research and Development Center in Vietnam

NVIDIA opens its first R&D center in Vietnam to advance AI software development and collaboration with local stakeholders.

Quiver AI Summary

NVIDIA has announced the opening of its first research and development center in Vietnam, marking a significant step in its commitment to the country's artificial intelligence future. The center, developed in collaboration with the Vietnamese government, will focus on software development and leverage Vietnam's strong pool of STEM talent. It aims to foster partnerships with researchers, startups, and universities to drive AI innovation in critical sectors like healthcare, education, transportation, and finance. Vietnamese Prime Minister Pham Minh Chinh emphasized the importance of innovation in the nation’s development strategy, and NVIDIA's presence is expected to enhance Vietnam's growing AI ecosystem. The company has been active in the Vietnamese tech landscape for eight years, engaging over 100 AI startups and 65 universities, and is poised to cultivate further advancements in AI technology within the region.

Potential Positives

NVIDIA is opening its first research and development center in Vietnam, demonstrating confidence in the country's AI potential.
The collaboration with the Vietnamese government to promote AI development strengthens NVIDIA's presence and influence in the region.
The R&D center will focus on engaging with local startups, universities, and industry leaders, thereby fostering innovation and talent development in AI.
NVIDIA's investment in Vietnam’s technology ecosystem over the past eight years, alongside its involvement with over 100 AI startups, positions it well for future growth and partnerships in the region.

Potential Negatives

The press release contains numerous forward-looking statements that acknowledge risks and uncertainties, suggesting that the expected outcomes from the Vietnam R&D Center may not materialize as anticipated.
It relies on collaboration and integration with Vietnamese entities, which could pose challenges related to alignment of goals, execution, and potential cultural differences.
The emphasis on Vietnam’s AI market growth raises concerns about competition, both locally and globally, which could impact NVIDIA’s market position and profitability.

FAQ

What is the purpose of NVIDIA's Vietnam R&D Center?

NVIDIA's Vietnam R&D Center aims to focus on AI software development and foster partnerships within the local innovation ecosystem.

Why did NVIDIA choose Vietnam for its R&D center?

NVIDIA chose Vietnam for its strong talent pool in STEM fields and the country's growing investment in AI technology and innovation.

How will the R&D center support AI startups?

The R&D center will provide infrastructure and resources for AI startups to develop applications in key industries like healthcare and finance.

What are NVIDIA's goals for AI development in Vietnam?

NVIDIA aims to accelerate AI adoption and establish Vietnam as a regional leader in AI innovation through collaboration with local partners.

How has NVIDIA invested in Vietnam's technology sector?

NVIDIA has engaged with over 100 Vietnamese AI startups and 65 universities as part of its long-term investment strategy in the region.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$NVDA Congressional Stock Trading

Members of Congress have traded $NVDA stock 19 times in the past 6 months. Of those trades, 12 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $NVDA stock by members of Congress over the last 6 months:

REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 3 times. They made 3 purchases worth up to $45,000 on 11/25, 09/03, 08/21 and 0 sales.
REPRESENTATIVE PETE SESSIONS has traded it 3 times. They made 3 purchases worth up to $45,000 on 11/01, 09/16, 09/10 and 0 sales.
REPRESENTATIVE THOMAS R. SUOZZI has traded it 3 times. They made 1 purchase worth up to $50,000 on 10/24 and 2 sales worth up to $65,000 on 10/24, 10/02.
REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/28 and 1 sale worth up to $15,000 on 10/17.
REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
REPRESENTATIVE NANCY PELOSI has traded it 2 times. They made 2 purchases worth up to $10,000,000 on 07/26, 06/26 and 0 sales.
REPRESENTATIVE JARED MOSKOWITZ has traded it 2 times. They made 2 purchases worth up to $30,000 on 07/05 and 0 sales.
REPRESENTATIVE KATHY E. MANNING has traded it 3 times. They made 0 purchases and 3 sales worth up to $80,000 on 07/02.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$NVDA Insider Trading Activity

$NVDA insiders have traded $NVDA stock on the open market 394 times in the past 6 months. Of those trades, 0 have been purchases and 394 have been sales.

Here’s a breakdown of recent trading of $NVDA stock by insiders over the last 6 months:

JOHN DABIRI sold 716 shares.
MARK A STEVENS has traded it 10 times. They made 0 purchases and 10 sales, selling 1,896,123 shares.
DONALD F JR ROBERTSON (Principal Accounting Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 9,000 shares.
COLETTE KRESS (EVP & Chief Financial Officer) has traded it 24 times. They made 0 purchases and 24 sales, selling 366,670 shares.
TENCH COXE has traded it 7 times. They made 0 purchases and 7 sales, selling 2,100,000 shares.
JEN HSUN HUANG (President and CEO) has traded it 343 times. They made 0 purchases and 343 sales, selling 6,000,000 shares.
AJAY K PURI (EVP, Worldwide Field Ops) has traded it 5 times. They made 0 purchases and 5 sales, selling 100,110 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NVDA Hedge Fund Activity

We have seen 2,435 institutional investors add shares of $NVDA stock to their portfolio, and 1,796 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

GQG PARTNERS LLC removed 64,596,211 shares (-85.4%) from their portfolio in Q3 2024
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 55,859,917 shares (+12898.6%) to their portfolio in Q3 2024
FMR LLC removed 46,189,661 shares (-4.4%) from their portfolio in Q3 2024
BANK OF AMERICA CORP /DE/ added 39,169,586 shares (+19.0%) to their portfolio in Q3 2024
PRICE T ROWE ASSOCIATES INC /MD/ removed 36,974,039 shares (-8.3%) from their portfolio in Q3 2024
STATE STREET CORP removed 35,750,704 shares (-3.6%) from their portfolio in Q3 2024
SCHWAB CHARITABLE FUND added 33,945,040 shares (+inf%) to their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

SANTA CLARA, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- NVIDIA announced today it is opening its first Vietnam research and development center, signaling its confidence in the country’s bright artificial intelligence future.

The company is collaborating with the Vietnamese government to establish its new Vietnam Research and Development Center focused on AI. NVIDIA will use the R&D center to focus on software development, capitalizing on the country’s strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI.

“We are delighted to open NVIDIA’s R&D center to accelerate Vietnam’s AI journey,” said Jensen Huang, founder and CEO of NVIDIA. “With our expertise in AI development, we will partner with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI right here in Vietnam.”

The Vietnam R&D Center will develop valuable platforms for NVIDIA and partners to nurture AI innovation. Researchers and startups will be able to use this infrastructure to develop AI applications for key industries such as healthcare, education, transportation and finance.

With the country’s rapid expansion in manufacturing for technology, automotive, electronics and textiles, Vietnam has become one of the world’s fastest-growing economies. Its AI market has also been growing in recent years, backed by technological advancements, government support and greater integration of AI in various industries. Since 2021, Vietnam has promoted AI development as part of its digital transformation strategy with the goal of fostering innovation, building a robust AI ecosystem and positioning the country as a regional leader in R&D.

“The government of Vietnam is focused on innovation as one of the key elements of its development strategy,” said Vietnam Prime Minister Pham Minh Chinh. “With this strategic partnership, the Vietnamese government and NVIDIA are committed to jointly promoting the strong development of AI technology in Vietnam and creating a bright future for the innovation ecosystem and high-tech industry in Southeast Asia.”

NVIDIA has been investing in Vietnam’s technology ecosystem for the last eight years. The company is engaged with more than 100 Vietnamese AI startups as part of its Inception program in addition to 65 universities within the country. Last year, NVIDIA began collaborating with FPT Smart Cloud as its first Vietnamese cloud partner.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

For further information, contact:
NVIDIA Corporate Communications
[email protected]

Certain statements in this press release including, but not limited to, statements as to: NVIDIA’s collaboration with the Vietnam government to establish its new Vietnam R&D Center focused on AI; NVIDIA using the Vietnam R&D center to focus on software development, capitalizing on the Vietnam’s strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI; NVIDIA partnering with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI in Vietnam; the Vietnam R&D Center developing valuable platforms for NVIDIA and partners to nurture AI innovation; researchers and startups being able to use the Vietnam R&D Center to develop AI applications for key industries such as healthcare, education, transportation and finance; and Vietnam’s AI market growing in recent years, backed by technological advancements, government support and greater integration of AI in various industries are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.