NVIDIA Corp. (NVDA) has a big fan in AmTech, but Deutsche thinks AmTech is dreaming. While AmTech is willing to write off the near-term risks as outweighed by the long-term value, Deutsche isn’t.
DB doesn’t see any upside for Q2 since NVDA’s Q2 is back-end loaded and AMD’s new graphics products are providing strong competition.
Deutsche reiterates HOLD, target price $22.
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