NVIDIA (NVDA): Limited Near-Term Upside

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.

See Also:
NVIDIA (NVDA) Long-Term Promise Outweighs Near-Term Share Loss and Inventory Concerns

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