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For 3Q17, $NVDA expects revenue to be $1.68Bil, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 57.8% and 58%, respectively, plus or minus 50BP. Opex is expected to be about $530MM. GAAP and non-GAAP tax rates are expected to be 21%, plus or minus 1%. $NVDA expects Capex to be about $35-45MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.