nvidia bull bear 2x1

Nvidia’s stock shed nearly half of its value from November to January after the chipmaker delivered disappointing third-quarter results and later cut its fourth-quarter revenue guidance.
But shares recovered a bit as its fourth-quarter results topped Wall Street estimates and after it beat out Intel in the race for acquiring Mellanox Technologies.
To distill the latest arguments for and against investing in Nvidia, Markets Insider asked the Wall Street analysts carrying the stock’s highest and lowest price targets the same questions.
Watch Nvidia trade live.

Nvidia has sparked extreme views among Wall Street analysts.

The bulls say Nvidia is a dominant player in many segments including data center, professional visualization (pro-vis) and automotive.

However, bears say Nvidia’s valuation has gotten out of control and that it faces pretty decent competition in the data-center market.

Nvidia shares shed 57% of their value from October to January after the chipmaker delivered disappointing third-quarter results and later cut its fourth-quarter revenue guidance. The company cited excess of mining graphics processing units (GPUs) following the crypto-currency boom, and declining macroeconomic conditions, particularly in China, for its underperformance.

But shares recovered a bit as Nvidia’s fourth-quarter results topped Wall Street’s expectations …read more

Source:: Businessinsider – Technology

      

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