ReutersReuters

Nvidia in talks to deploy humanoid robots in factory; shares dip

RefinitivLess than 1 min read

** Nvidia NVDA in talks with Foxconn 2317 to deploy humanoid robots at new Houston factory; NVDA shares last down ~1% on Fri

** The robots would be used at a new Foxconn factory in Houston that will produce Nvidia AI servers, Reuters reported

** NVDA stock gained about 7% YTD, outperforming Nasdaq IXIC which ~1%

** Stock recently traded at 30x expected earnings, lower than its five-yr avg forward PE of 40

** NVDA stock about 6% below its 52-week intraday high of $153.13 reached on Jan. 7

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