UBS Reiterates a 'Buy' on NVIDIA (NVDA); Winning Again with Google's Nexus

UBS reiterates a 'Buy' on NVIDIA (NASDAQ: NVDA) price target of $15.50.

Analyst, Uche Orji, likes NVIDIA, saying the recent win with Google's (Nasdaq: GOOG) Nexus reflects increasing ARM camp tablet processor lead.

ARM is already the standard architecture for mobile devices. NVIDIA will base its designs on an architecture license from ARM Holdings (Nasdaq: ARMH). Therefore, NVIDIA, which is best known for graphics processor units, will now have high-performance microprocessors, and inevitably, go head-to-head with Intel (Nasdaq: INTC).

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 $13.14 yesterday.

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