NVIDIA upgraded to Outperform from Market Perform at JMP Securities JMP Securities upgraded NVIDIA to Outperform with a $26 price target on expectations the company's growth and gross margins are stabilizing while earnings upside potential exists in the coming quarters.
NVIDIA discloses Samsung files patent infringement suit NVIDIA (NVDA) disclosed in a regulatory filing that on November 10, Samsung (SSNLF) filed a complaint against NVIDIA and Velocity Micro, in the United States District Court for the Eastern District of Virginia. The complaint alleges that NVIDIA infringed six patents and falsely advertised that the Tegra K1 processor is the world’s fastest mobile processor. Samsung seeks unspecified damages and an injunction prohibiting NVIDIA from any future violations. NVIDIA has not yet responded to the complaint.