NVIDIA (NVDA) PT Raised to $90 at BMO Capital on 2Q Report; 'Unsustainable Demand from Cryptocurrency Mining'
BMO Capital raised its price target on NVIDIA (NASDAQ: NVDA) to $90.00 (from $85.00) while maintaining a Underperform rating, following the company's second quarter earnings report.
Analyst Ambrish Srivastava notes the company delivered second quarter earnings per share and revenues above consensus projections, despite sharp decelerating datacenter business, even as management continues to benefit from cryptocurrency mining