Stifel analyst Kevin Cassidy said Nvidia reported "a roughly in line quarter" while management's FY20 revenue guidance beat consensus on the promise of a return to sequential growth in the second half of calendar 2019, which suggests a strong rebound in PC gaming. While he raised his FY20 estimates and increased his price target on Nvidia shares to $150 from $135 given the " unexpected" revenue guidance upside and "relatively tame" operating expense growth view, Cassidy keeps a Hold rating on the stock as he remains cautious on the magnitude of the PC gaming demand rebound.

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