Nvidia: New Street Research reflects on the recent pull-back
(CercleFinance.com) - New Street Research is sticking with its stance on US graphics cards maker Nvidia, despite the stock falling 25% since its peak in early October.
While acknowledging that it got off a "bad start," the independant research house reminds that its investment thesis is not only based on the short term (product cycle momentum), but also in the near (revisions in gaming revenues) and long term (expansion of the target market).
According to New Street, the long-term growth potential of gaming is widely overlooked as Nvidia's Turing architecture could open up a 3D animation opportunity, which goes well beyond gaming.
"This could eventually be bigger than A.I.," it warned.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
While acknowledging that it got off a "bad start," the independant research house reminds that its investment thesis is not only based on the short term (product cycle momentum), but also in the near (revisions in gaming revenues) and long term (expansion of the target market).
According to New Street, the long-term growth potential of gaming is widely overlooked as Nvidia's Turing architecture could open up a 3D animation opportunity, which goes well beyond gaming.
"This could eventually be bigger than A.I.," it warned.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.