The CD Project RED, Poland-based game developer that made a name for itself in the gaming world with the Witcher series and the futuristic Cyberpunk 2077, is not for sale. CEO Adam Kacinski made the announcement at a conference on Monday, following weekend rumours of a buyout of the studio by Sony, the giant behind the Playstation console and many game titles. The speculation surfaced on Twitter following the release of quarterly results. Kacinski immediately denied them, adding that going their own way is much more exciting for CD Projekt.

Year-on-year net profit growth was 1% as it prepares to expand its current flagship Cyberpunk 2077 title, Phantom Liberty. Its net profit increased to PLN69.7m ($16.8m), despite a 19% year-on-year drop in sales to PLN174.8m. The stock's current state stems from the fact that the studio hasn't released a new game in two years. So far, however, it has sold more than 20 million copies of Cyberpunk and 50 million copies of The Witcher 3, with sales from the entire series exceeding 75 million units. This year, the studio is planning a number of events around the world and promises a new gaming experience thanks to its own RED engine. The question remains whether an acquisition by a larger company would be more profitable for CD Projekt, as their stock is not currently showing the significant growth.*

CD Projekt stock

CD Projekt RED's stock performance over the past five years (Source: Google)

Anyone can be a programmer

Artificial intelligence is influencing many sectors of technology today, and understandably the IT sector has not been spared from it. Nvidia CEO Jensen Huang has said that all it takes to program is the ability to talk to a computer, and crossing the digital divide has never been easier. Nvidia has become the world's most valuable listed semiconductor company thanks to its position as a major supplier of chips and computer systems for artificial intelligence. Artificial intelligence is leading the computing revolution and is gradually reshaping the world of technology, making it easier for systems to work together and create new discoveries in a simple way. The advertising, gaming and IT sectors are being pulled by innovation, and Nvidia is proudly at the forefront of it. In the near future, it plans to persevere in this position and benefit from the current situation in which the digital and real worlds will become increasingly merged.

nvidai stocks

NVIDIA Corporation's stock performance over the past five years (Source: Google)

 

* Past performance is no guarantee of future results