Susquehanna analyst Christopher Rolland increased his target price on shares of Nvidia Corp. Tuesday to $330 from $320 Tuesday, writing that the company's "supply constraints have (basically) been alleviated" but that there is still uncertainty about the timing and ramp schedule of the chip company's 7-nanometer products. "Our checks believe the high-end A100 will now launch in late 2Q at the earliest, but more likely during the postponed Computex show in Taiwan in September," Rolland wrote. "Contacts believe that Nvidia may be strategically waiting for AMD's launch of Navi 2X before announcing their new 7-nanometer gaming cards." Nvidia shares are up 0.5% in Tuesday trading. The stock has lost 1% over the past month as the S&P 500 has dropped 11%. Read More...
Susquehanna analyst Christopher Rolland increased his target price on shares of Nvidia Corp. Tuesday to $330 from $320 Tuesday, writing that the company’s “supply constraints have (basically) been alleviated” but that there is still uncertainty about the timing and ramp schedule of the chip company’s 7-nanometer products. “Our checks believe the high-end A100 will now launch in late 2Q at the earliest, but more likely during the postponed Computex show in Taiwan in September,” Rolland wrote. “Contacts believe that Nvidia may be strategically waiting for AMD’s launch of Navi 2X before announcing their new 7-nanometer gaming cards.” Nvidia shares are up 0.5% in Tuesday trading. The stock has lost 1% over the past month as the S&P 500 has dropped 11%.
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