Nvidia: Risk Reward Not Nearly As Compelling Now – Reducing Rating – BMO

BMO Capital Markets’ Ambrish Srivastava, PhD is downgrading Nvidia (NASDAQ:NVDA) to Market Perform from Outperform with a $22 price target (prev. unch). BMO notes that when they upgraded the stock, they had firmly believed that NVIDIA was an underpriced asset, with a fundamental tailwind that the market was missing. They now believe that, fundamentally,the company’s [...]