Facebook, Inc. (NASDAQ:FB) Investing Heavily In Different Ways To Carry Troves Of Data Across The Globe- NVIDIA (NASDAQ:NVDA)

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] retains strong position in active trade, as shares scoring -1.02% to $138.51 in active trade session, while looking at the shares volume, around 29.85 Million shares have changed hands in this session. Facebook (FB) is investing heavily in different ways to carry troves of data across the globe, including subsea fiber optic cables. So when the tech giant saw that Nokia Bell Labs was working on ways to make those cables more efficient, it offered to let Nokia test out its innovative techniques on one of its transatlantic cables.

In February, Nokia Bell Labs successfully completed multiple submarine field trials over Facebook’s 5,500 kilometer submarine cable between New York and Ireland, which has yet to come online. The result was impressive: Using Bell Labs’ new probabilistic constellation shaping (PCS) technology, the trials improved the optical transmission capacity of the cable by nearly 2.5 times. The firm has institutional ownership of 71.80%, while insider ownership included 0.10%. FB attains analyst recommendation of 1.80 with week’s performance of -0.58%. Investors looking further ahead will note that the Price to next year’s EPS is 23.57%.

NVIDIA Corporation (NASDAQ:NVDA) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -3.23% to 105.91 with around 22.8 Million shares have changed hands in this session. Following the launch of Mass Effect: Andromeda and Rock Band VR, NVIDIA releases a new driver supporting all those titles. For that purpose the GeForce 378.92 WHQL driver has been launched and it’s also supposed to address some bugs that have surfaced.

The latest version of NVIDIA’s WHQL 378.92 drivers, fixes issues that were present with previous releases, like for instance SLI profile in Battlefield 1, as well as new profiles for 3D Vision. As always, you can download the new GeForce 378.92 WHQL Game Ready drivers over at NVIDIA’s support page or automatically via Geforce Experience software. The stock is going forward its fifty-two week low with 221.79% and lagging behind from its 52-week high price with -12.30%.

Similar, the positive performance for the quarter recorded as 5.61% and for the year was 214.58%, while the YTD performance remained at -0.65%. NVDA has Average True Range for 14 days of 3.42.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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