Nvidia Downgraded at HSBC on Weak GPU Pricing Outlook; Shares Slide Over 7%

By Yahoo! Finance   |   2 weeks ago
Nvidia Downgraded at HSBC on Weak GPU Pricing Outlook; Shares Slide Over 7%

Nvidia's stock fell over 7% due to HSBC downgrading it from Buy to Hold, lowering price target to $120. Weakness in pricing power for high-end graphics processors and limited product cycle pricing upside were cited. Near-term growth concerns highlighted, leading to revised estimates.

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