analysts upbeat even as guidance underwhelms By Investing.com
From Investing.com: 2024-11-21 02:28:47
Analysts are positive on NVIDIA after beating Q3 earnings. Revenue forecast for Q4 at $37.5 billion, slightly above estimates. Investors concerned with revenue growth slowdown, shares fell 5%. Analysts optimistic, especially about upcoming Blackwell AI chips. Morgan Stanley maintains Overweight rating, bullish on Blackwell transition. BofA reiterates Buy, cites strong demand as positive. Baird hikes PT to $195, sees no demand slowdown, maintains Outperform rating.
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