NVIDIA downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded NVIDIA to Underperform from Neutral. The firm downgraded shares based on rich valuation and peak margins. Price target is $19.
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