NVIDIA reiterated as a Buy following soft guidance at Canaccord Canaccord said NVIDIA's guidance was sfot due to weak PC end markets and in Tegra processor transitions. The firm expects NVIDIA to release strong mobile benchmarks at the upcoming Mobile World Congress and to have healthy gross margins in 2013. Shares are Buy rated with a $16 price target.
AMD, NVIDIA sees shrinking GPU demand in Q4, DigiTimes reports AMD (AMD) and NVIDIA (NVDA) expect to see demand for their discrete mobile GPUs to decrease, reports DigiTimes. Citing Taiwan-based supply chain makers, the decrease is due to notebook vendors that plan to launch low-cost models with CPUs with integrated graphics in Q4. Reference Link