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

Nvidia shares fall as investors fret over data center growth

(Reuters) - Nvidia Corp's (NASDAQ: NVDA) high-flying stock fell 6 percent on Friday as second-quarter sales in its fast-growing data center and autonomous driving businesses failed to live up to Wall Street's lofty expectations.

Nvidia's stock nearly tripled in the past year, making it susceptible to any signs of weakness in those businesses, particularly the data center unit.

"This stock can't afford to have a data center pause," Barclays analysts wrote in a note.

Nvidia's data center business, which counts... More

UPDATE: NVIDIA (NVDA) PT Raised to $145 at Deutsche Bank

(Updated - August 11, 2017 9:05 AM EDT)

(update corrects firm name)

Canaccord Genuity raised its price target on NVIDIA (NASDAQ: NVDA) to $145.00 (from $105.00) while maintaining a Hold rating.

NVIDIA (NVDA) PT Raised to $110 at Nomura/Instinet on 2Q Report; 'Core Gaming Still Slow, Datacenter Uncertain'

Nomura/Instinet raised its price target on NVIDIA (NASDAQ: NVDA) to $110.00 (from $90.00) while maintaining a Reduce rating, following the second quarter earnings results.

Analyst Romit Shah notes the company delivered second quarter earnings per share and revenue results above consensus projections on better than... More

NVIDIA (NVDA): Datacenter Is And Will Be Lumpy, Raising PT - Bernstein

Bernstein analyst, Stacy Rasgon, reiterated her Outperform rating on shares of NVIDIA (NASDAQ: NVDA) and raised her price target to $180 from $165 after revenue and EPS ($2,230M/$1.01) were well above guidance ($1,950M) and consensus ($1964/$0.81) with upside driven by gaming, ProVis, and some... More

NVIDIA (NVDA) PT Raised to $185 at Citi; 'Pullback is a Gift'

Citi raised its price target on NVIDIA (NASDAQ: NVDA) to $185.00 (from $180.00) while maintaining a Buy rating following results, saying the 7% pullback is a "gift".

Analyst Atif Malik noted that data center sales of $416M were modestly below Street $423M and the... More

NVIDIA (NVDA) PT Raised to $120 at MKM Partners, Positive FY 2018/2019 EPS Revisions

MKM Partners raised its price target on NVIDIA (NASDAQ: NVDA) to $120.00 (from $106.00) while maintaining a Neutral rating.

Analyst Ruben Roy believes the company positioning in multiple multi-billion dollar growth markets ought to warrant a premium relative to peers. The analyst... More

NVIDIA (NVDA): Volta Shipping - Buy on Weakness - Jefferies

Jefferies analyst, Mark Lipacis, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) after Sales of $2.23b were 14.3% above consensus due to better Gaming (+52% YY), and GPUs tailored for crypto-currency mining ($150m upside from each). Datacenter grew 2% QQ and 175% YY but... More

NVIDIA (NVDA) PT Raised to $180 at Mizuho Securities on 2Q Report; 'Driven by Strong GPU Demand'

Mizuho Securities raised its price target on NVIDIA (NASDAQ: NVDA) to $180.00 (from $170.00) while maintaining a Buy rating, following the company's second quarter earnings report.

Analyst Vijay Rakesh notes the company delivered second quarter earnings per share and revenues above consensus projections... More

NVIDIA (NVDA) PT Remains At $75, Wells Fargo Stays Bearish

Wells Fargo maintains Underperform on NVIDIA (NASDAQ: NVDA) price target of $75.00.

Analyst David Wong remains negative on NVDA as he continues to question how sustainable the company's recent growth momentum might be, specifically in gaming and crypto mining.

For an analyst... More

NVIDIA (NVDA) PT Remains At $180, Jefferies Says 'Buy On Weakness"

Jefferies maintains Buy on NVIDIA (NASDAQ: NVDA) price target of $180.00.

Analyst Mark Lipacis defends NVDA in a morning research note comments that "We expect DC to resume healthy QQ growth over the next several quarters as Volta is qualified and ramps into scale... More

NVIDIA (NVDA) PT Remains At $175, RBC Capital Says Secular Story Is Unchanged

RBC Capital maintains Outperform on NVIDIA (NASDAQ: NVDA) price target of $175.00.

Analyst Mitch Steves believes expectations were too high for the company coming into Thursday's print and reminds clients that the secular story remains unchanged. The analyst stays positive on the product... More

NVIDIA (NVDA) PT Raised to $140 at Barclays

Barclays raised its price target on NVIDIA (NASDAQ: NVDA) to $140.00 (from $105.00) while maintaining a Equalweight rating.

Analyst Blayne Curtis believes crypto will be a "minor headache" in the NT. The analyst stay sidelined noting that GPUs will not be the ultimate Artificial... More

NVIDIA (NVDA) Tops Q2 EPS by 31c, Sales Beat

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $1.01, $0.31 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $1.96 billion.

"Adoption of NVIDIA GPU computing is accelerating, driving growth across our businesses," said Jensen Huang, founder and chief executive officer of NVIDIA. "Datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing... More

Citron Research Shorted NVIDIA (NVDA) Ahead of Earning - CNBC

Citron Research Shorted NVIDIA (Nasdaq: NVDA) Ahead of Earning - CNBC

NVIDIA (NVDA): Earnings Preview - Jefferies

Jefferies analyst, Mark Lipacis, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) ahed of the July quarter print on Aug-10.

The analyst expects to see upside to estimates in Gaming and Datacenter. with core PC Gaming benefiting from increased demand for... More

NVIDIA (NVDA) Mixed Investor Sentiment to Help Drive Shares Higher in 2nd-Half - Citi

Citi analyst Atif Malik reiterated a Buy rating and $180 price target on NVIDIA (NASDAQ: NVDA) with a $300 bull case.

Malik notes shares remain polarizing on both the sell-side and buy-side with most investors in the "buy the pull back" camp.

The analyst... More