NVIDIA (NVDA): 4 Takeaways From 10Q and Prop Research - RBC

RBC Capital analyst, Mitch Steves, reiterated his Outperform rating on shares of NVIDIA (NASDAQ: NVDA) noting 4 key points:

1) gaming chip demand remains healthy given crypto-currency miners likely made it difficult to acquire chips

2) some lingering demand remains from cypto-currencies ~$40-45M thus far assuming similar demand based on the Ethereum network rate

3) the Company highlighted the Toyota win which suggests positive momentum for CY18 and beyond - units in 2018/2019 with notable ASP hikes towards the tail end

4) the Volta product is beginning to ramp with card replacements now and we believe DGX-1V will pick up through the quarter

The analyst stated "we think the most positive item is the continued demand for gaming chips (a near-term investor concern) along with the note about initial Volta shipments in the filing".

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 $165.80 yesterday.

You May Also Be Interested In

• SandRidge Energy (SD) PT Lowered to $14 at Freedom Broker
• Wells Fargo on NVIDIA (NVDA) Debt: 'We see this as yet another example of how NVDA is playing a much bigger game'
• Needham on Rocket Lab USA (RKLB): 'backlog soared to $2.4B, improving further post Q'