![]() The service was named ‘Amazon Prime Air’. 3 The announcement saw a 19% drop in NVIDIA’s share price, which reached a low of $133.00 per share – 51% less than its all-time high of $277.00 in October 2018.Īmazon (AMZN), the online retail giant, first expressed interest in drone technology in December 2013, when it announced plans to use drones to deliver packages. However, a press release in January 2019, revealed the company was expecting fourth quarter (Q4) revenue of $2.20 billion, which is 18.5% less than its previous $2.70 billion estimate. And because JD is partially a subsidiary of Wal-Mart, that could offer the business a route into the wider market. By September of the same year, Chinese retailing giant JD.com and general electric company Avitas had started to use NVIDIA’s tech to operate its drones. In March 2017, the company began shipping out its platforms to be included in ‘edge devices’ – hardware that controls data flow – such as drones. NVIDIA’s AI technology was intended to power driverless vehicles, but it went unnoticed by many investors until it was used for drone production. Plenty of firms have been vying for a slice of the AI pie, but NVIDIA is already well established in the market. NVIDIA (NVDA) is probably better known for its work creating graphic processors for video games, but it also produces artificial intelligence (AI) solutions for drones. ![]() ![]() And although not all of this will go to AeroVironment, the company could experience some growth off the back of it as one of the US Pentagon’s top suppliers of small drones. Going into 2019, the US governments’ drone budget allocation is expected to rise. The NASDAQ announced that AeroVironment was predicted to grow at an average rate of 25% per annum for five years 1, but it remains to be seen whether this is sustainable – especially amid declining product sales and reports of a 7% drop in AeroVironment’s gross margin. In September 2018, shares of AeroVironment had reached a high of $116.00 per share, before falling back to $64.00 due to the global stock market sell-off in the last few months of the year. It is one of the only companies that has drones as its principle line of business.ĪeroVironment listed on the NASDAQ stock exchange in February 2007 – its stock began trading at $17.00 per share and the intial public offering (IPO) raised a total of $113.90 million. AeroVironment Inc (AVAV) is a defence drone manufacturer that focuses on the supply of unmanned aerial vehicles (UAVs) to government agencies.
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