Nvidia's stock made it to the conviction list of one Wall Street firm, while another forecast the chip maker's next-generation tech could drop early.
Nvidia Corp.’s stock made it to the conviction list of one Wall Street firm on Monday, while an analyst at another forecast that the chip maker could even drop its next-generation architecture early.
Recently, Nvidia’s data-center sales topped Wall Street expectations by more than $2 billion, while the company’s revenue forecast for the third quarter was more than $3 billion higher than expected. The company also reported adjusted gross margins of 71.2% — compared with 45.9% a year earlier — and forecast margins of 71% to 73% for the current quarter.
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