Nvidia shares fall as investors fret over data center growth

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NVIDIA (NVDA) PT Raised to $90 at BMO Capital on 2Q Report; 'Unsustainable Demand from Cryptocurrency Mining'

August 11, 2017 10:07 AM EDT

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... More