Needham analyst Rajvindra Gill kept his Buy rating and $325 price target on Nvidia, saying the company's disappointing October-quarter sales guidance was driven by the "steep decline" in cryptocurrency. With every other segment rising sequentially and from last year to record levels, Gill notes the focus on crypto is actually a "side show" for Nividia. The analyst states that the bigger picture for Nvidia is the underlying trend toward AI and machine learning, which still support the company's "technologically superior" GPU-based parallel computing structure.

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."