Nvidia was downgraded to reduce from neutral Tuesday by an analyst at Nomura Instinet who said the deadly coronavirus has posed a growing risk to the global semiconductor industry over the last few weeks. Wong said that Nvidia's gaming segment accounted for 56% of total revenue inthe January 2020 quarter, adding that he viewed the company's gaming GPUs and Nintendo Switchbased chips to be consumer discretionary items. Read More...
Nvidia was downgraded to reduce from neutral Tuesday by an analyst at Nomura Instinet who said the deadly coronavirus has posed a growing risk to the global semiconductor industry over the last few weeks. Wong said that Nvidia’s gaming segment accounted for 56% of total revenue inthe January 2020 quarter, adding that he viewed the company’s gaming GPUs and Nintendo Switchbased chips to be consumer discretionary items.
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