Nvidia Corp. Shares
NVDA, + 0.51%
declined by 1.5% in pre-emptive trading on Monday after Bernstein's analyst Stacy Rasgun lowered its stock market ratings for better results, saying the shares "likely will remain mutilated "in the medium term. He also lowered his price to $ 175 from $ 250. "Although painful, we could live with the inventory flush Nvidia called in its first feature play in November," says Rasgon. "But the last cut looks much more fundamentally driven by demand, with the" true "speed of the gaming business staying in the air for now." He still believes in Nvidia's business center, but said business has grown significantly over the past 1
SPX, + 0.07%
lost 2.6%. The company reports earnings on Thursday afternoon.
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