On Friday, Shares of NVIDIA Corporation (NASDAQ:NVDA), subtract -0.73% and closed at $66.85 in the last trading session. The last trading range of the stock ranges between $66.66 and $67.97. The company’s Market capitalization is $35.50 Billion with the total Outstanding Shares of 535.00million. During the 52-week trading session the minimum price at which share price traded, registered at $24.75 and reached to max level of $69.70. NVIDIA and FANUC Corporation recently declared a partnershipto implement artificial intelligence on the FANUC Intelligent Edge Link and Drive (FIELD) system to increase robotics productivity and bring new capabilities to automated factories worldwide.
Adding AI to the FIELD system will give robots the ability to teach themselves to do tasks faster and more efficiently. By learning together, what used to take a single robot 8 hours can now be done by eight robots in an hour.
“The age of AI is here,” said Jen-Hsun Huang, founder and CEO of NVIDIA. “GPU deep learning ignited this new wave of computing where software learns and machines reason. One of the most exciting creations will be intelligent robots that can understand their environment and interact with people. NVIDIA is delighted to partner with FANUC, the world leader of industrial robotics, to realize a future where intelligent machines accelerate the advancement of humanity.”
Building the factory of the future will have wide-ranging impact. The International Federation of Robotics predicts the deployment of industrial robots will increase to around 2.6 million units worldwide by 2019 — up from 1 million in 2015. These robots are central to the global manufacturing process used to make everything from cars to mobile phones.
Range Resources Corp. (NYSE:RRC), jumped 2.11% and closed at $39.26in the last trading session. The last trading range of the stock ranges between $38.63 and $39.45. The company’s Market capitalization is $6.82 Billion with the total Outstanding Shares of 170.09 million. During the 52-week trading session the minimum price at which share price traded, registered at $19.21 and reached to max level of $46.96. RANGE RESOURCES CORPORATION (RRC) declared recently that its third quarter 2016 financial results news release will be issued Tuesday, October 25 after the close of trading on the New York Stock Exchange.
A conference call to review the financial results is planned on Wednesday, October 26 at 9:00 a.m. ET (8:00 a.m. CT). To take part in the call, please dial 866-900-7525 and provide conference code 92858145 about 10 minutes before the planned start time.
On the other hand share PPG Industries, Inc. (NYSE:PPG), lost -8.26% and closed at $93.73 in the last trading session. The last trading range of the stock ranges between $92.51 and $97.50. The company’s Market capitalization is $22.89 Billion with the total Outstanding Shares of 266.28 million. During the 52-week trading session the minimum price at which share price traded, registered at $88.37 and reached to max level of $117.00. PPG (PPG) recently declared that the third quarter 2016 stated loss per share from continuing operations is expected to be in the range of 74 cents to 77 cents contrast to stated earnings per share from continuing operations of $1.52 in the third quarter 2015. Stated earnings include formerly revealed pension settlement charges that totaled $2.31 per share in third quarter 2016 and 2 cents per diluted share in the previous year. Adjusted earnings from continuing operations for the third quarter 2016 are expected to be in the range of $1.54 to $1.57 per share, contrast to $1.54 per diluted share in the prior year’s quarter. Net sales for the third quarter 2016 are expected to be about $3.8 billion. Figures for both periods exclude results for the recently divested flat glass business, which are now stated as suspended operations.
“Our third quarter adjusted earnings per share includes benefits from an improvement in our global volume growth rate, supported by raised spending on growth-related programs. Year-over-year, our volumes grew more than 1.5 percent, despite slower-than-expected growth in Europe,” said Michael H. McGarry, PPG chairman and chief executive officer. “However, we are disdesignated with this quarter’s EPS growth rate as we continue to operate in a sluggish economic environment with no clear near-term catalyst for improving global GDP growth,” McGarry said.