SunTrust analyst William Stein kept his Buy rating and $316 price target on Nvidia, saying its disappointing Q3 outlook is a "stutter-step mostly isolated to crypto". The analyst adds that even taking the crypto component out of the company's model has sales growing at about 23% rate, with datacenter, auto, and gaming segment growth expectations all beating consensus. Stein expects Nvidia to continue to outperform thanks to its revenue and earnings upside potential across most segments, lowering his FY19 EPS view only modestly to $8.18 from $8.23 after the latest update.

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here