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Cowen names Nvidia a "top pick" on gaming chips

Published 08/13/2018, 03:23 PM
© Reuters.  Cowen names Nvidia a "top pick" on gaming chips
NVDA
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  • Cowen names Nvidia (NASDAQ:NVDA) a “top pick” because of its upcoming Turing gaming chips.
  • Analyst Matthew Ramsay: “We see a favorable setup as we expect well-documented choppiness in the gaming channel to be offset by continued robust datacenter demand and backlog. We see little risk to near-term numbers from crypto.”
  • Rating reiterated at Outperform with a $325 price target, a 28% upside to Friday’s close.
  • Ramsay raises his adjusted EPS estimate for Nvidia’s Q2 from $1.82 to $1.85 (consensus: $1.82).
  • Nvidia reports earnings on Thursday.
  • Nvidia shares are up 0.6% to $256.29.
  • Now read: Nvidia Appears To Have A GPU Inventory Problem


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