Microsoft's Surface Pricing Could Weigh on Nvidia (NVDA) - Analyst
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Price: $14.40 -0.62%
Rating Summary:
10 Buy, 22 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
10 Buy, 22 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade NVDA Now!
Microsoft's (Nasdaq: MSFT) $499-$699 pricing of its new surface tablet could weigh on NVIDIA (NASDAQ: NVDA), according to Nomura Securities analyst Romit Shah.
"We believe this announcement may weigh on shares of Nvidia (NVDA/Buy), which highlights Windows RT as a major growth driver for the mobile business unit (Tegra)."
At first glance the Surface looks competitive to the iPad 3, however the price point excludes the keyboard cover, "which seems like a must-have accessory for the Surface," the analyst notes. "Including the keyboard, Surface is priced at $599. That's in line with a 32 GB iPad 3."
The announcement is slightly positive for Intel (NASDAQ: INTC), the firm said.
Despite the comments the firm maintained a Buy rating and price target of $18 on NVDA.
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA closed at $13.16 yesterday, with a 52 week range of $11.63-$16.90.
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"We believe this announcement may weigh on shares of Nvidia (NVDA/Buy), which highlights Windows RT as a major growth driver for the mobile business unit (Tegra)."
At first glance the Surface looks competitive to the iPad 3, however the price point excludes the keyboard cover, "which seems like a must-have accessory for the Surface," the analyst notes. "Including the keyboard, Surface is priced at $599. That's in line with a 32 GB iPad 3."
The announcement is slightly positive for Intel (NASDAQ: INTC), the firm said.
Despite the comments the firm maintained a Buy rating and price target of $18 on NVDA.
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA closed at $13.16 yesterday, with a 52 week range of $11.63-$16.90.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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