NVIDIA Corporation (NASDAQ: NVDA) stock fell 5 percent Friday after the company missed market expectations with its third-quarter guidance.
Several Wall Street analysts weighed in on Nvidia stock following the earnings report. Here’s a rundown of what they had to say.
Cryptocurrency Noise
Bank of America analyst Vivek Arya said cryptocurrency noise is now gone and investors can look forward to Turing growth.
“We believe Turing and its ray-tracing capabilities and 10x inferencing benefits will have a pervasive impact across segments, and stimulate new markets in pro visualization,” Arya wrote in a note.
Citigroup analyst Atif Malik said the Nvidia story is now all about Turing.
“With crypto & data center growth concerns de-risked, investors can focus on the impact of the Turing, NVDA’s first ray-tracing GPU platform realizing a ‘40-year dream of the computer graphics industry,’ across all end markets including gaming, pro-vis and data center inferencing,” Malik wrote.
Barclays analyst Blayne Curtis said the next couple of months will be the calm before the Q4 Turing storm.
“Net net, any softness in the stock tomorrow represents an attractive buy opportunity as a new generation should lift NVDA for many quarters to come,” Curtis wrote.
Timing Issue
Deutsche Bank analyst Ross Seymore said this particular earnings report was more of a …
Read the full story at Benzinga.
Photo: Nvidia