Needham analyst Rajvindra Gill is keeping his Underperform rating on Nvidia after its Q3 results, noting that while the quarter was "solid" thanks to the rebound in the Gaming segment, that revenue contribution will decline in Q4 on seasonality. The analyst states that Data Center performance also missed consensus expectations, and while he is encouraged by the "increased hyperscaler visibility" for the company, he is cautious on the stock given the competitive dynamics in the data center market. Gill adds that following the recent run-up, Nvidia stock trades at a multi-year high forward earnings multiple of 32-times.

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