January 9, 2014

Nvidia (NVDA) was downgraded by Canaccord Genuity to hold from buy. But the firm kept its 16 price target on the chipmaker. The analyst said Nvidia's upside from its Tegra chips for mobile devices and the auto segment likely isn't enough to keep investors from looking at other chip companies with lower price/earnings ratios. Shares fell 3.7% to 15.75.