NVIDIA Corp. (NVDA)
- On 1:00 am EST, Tuesday November 10, 2009
NVIDIA Corp. (NasdaqGS: NVDA - News) posted revenue and earnings well above expectations. NVIDIA is poised for growth through improved cost management, rising demand for GPU and graphics chips, increased orders mainly from China and product launches.
The company is introducing new products at regular intervals and getting good feedback. We believe NVIDIA is well positioned in the longer term given its leadership in the Tegra line-up, the ramp-up of its 40nm process technology and share gains in notebooks and desktops.
We are looking for meaningful revenue growth and sustainable margin expansion. We have changed our rating to Outperform with a six-month price target of $17.00.
NVIDIA CORP (NVDA): Free Stock Analysis Report
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