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BofAML: Nvidia top gaming pick, Street Turing doubts "short-sighted"

Published 09/24/2018, 05:06 PM
© Reuters.  BofAML: Nvidia top gaming pick, Street Turing doubts "short-sighted"
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  • Bank of America Merrill Lynch (NYSE:BAC) reiterates a Buy rating and $340 target on Nvidia (NASDAQ:NVDA), calling the company its “top” pick on its new gaming cards.
  • Analyst Vivek Arya thinks the “Street’s mixed initial reaction to NVDA’s new Turing game card launch could prove short-sighted.”
  • BofAML says better availability and market prices of Pascal join the initial Turing ramp to provide a “compelling case” for Nvidia gamers to upgrade to one of the families.
  • Arya cites his firm’s latest survey in saying that only 48% of PC gamers with Nvidia cards have upgraded to the previous gen Pascal.
  • Nvidia shares closed today up 0.85% to $265.70 but have given up those gains aftermarket.
  • Previously: Analyst notes mixed reviews on Nvidia's new GeForce; NVDA -1.2% (Sept. 20)
  • Previously: Nomura unconvinced by Nvidia's Turing GPU price (Sept. 21)
  • Now read: Nvidia: Kicking Ass And Taking Names


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