Summit Insights downgraded Nvidia (NVDA) to Hold from Buy without a price target following tonight’s earnings report, saying high expectations have created an unfavorable risk/reward for the shares.
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Read More on NVDA:
- CoreWeave weighs filing $4B IPO within a week, Bloomberg reports
- Closing Bell Movers: Snowflake up 11%, Nvidia little changed after earnings
- Nvidia sees ‘significant ramp’ of Blackwell in Q1
- NVDA Earnings: Nvidia’s Results Top Wall Street Forecasts as Sales Grow 78%
- Nvidia CEO says successfully ramped up ‘massive-scale production’ of Blackwell
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