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.
Nvidia to release $199 video game console in May, CNet says Nvidia (NVDA) is developing a video game console called "Shield," reports CNet, citing a company presentation at the Game Developer's Conference. The console will include Google (GOOG) Android software to allow content streaming from Android smartphone and tablets, and will also include Nvidia's Grid service to allow streaming of videogames directly to the console. Nvidia plans a May launch for the console in the U.S., with pricing set at $199. Reference Link