November 5, 2010 06:18 EDT INTC theflyonthewall.com: Intel upgraded to Buy from Neutral at Roth Capital Roth Capital upgraded Intel (INTC), Marvell (MRVL) and Nvidia (NVDA) to Buy from Neutral based on expectations that the semiconductor correction will be over in 1Q11 and that expectations are low, limiting downside.
MARKET TALK: Roth Capital Bullish On PC Chipmakers
2 hours agoDow Jones.7:40 (Dow Jones) Roth Capital gets bullish on PC-related chipmakers, upgrades Intel (INTC), Marvell Technology (MRVL) and Nvidia (NVDA) to buy from neutral. "We believe that we are in the final stage of a semiconductor inventory correction that is likely to be over in Q1," firm says. Slowdown in demand was brought on by cannibalization of netbook market with the launch of Apple's (AAPL) iPad, Roth notes, but demand is likely to pick up in 2011. Shares have limited downside risk in part due to low expectations. Ups INTC target to $25 from $20; MRVL target to $26 from $18; NVDA target to $16 from $12. (firstname.lastname@example.org)
NVDA upgraded based on nothing but hype and hot air!
"Nvidia shares have been the recipient of rumors that Apple Inc is looking for acquisitions and the chip maker could be one of their targets. So far that has proven to be nothing but talk, but the possibility allows traders to get some momentum going in NVDA shares."
"Upgraded" on takeover hype.
And not one word about those upcoming disastrous 3Q "earnings"!