Jefferies reiterates BUY rating for Nvidia Corporation (NASDAQ:NVDA)

Nvidia Corporation (NASDAQ:NVDA) has had the BUY rating on its stock reaffirmed at Jefferies. After a recent conversation with Nvidia’s CEO and CFO at the CES 2016, Jefferies analysts came away more confident in the company’s long-term outlook. Virtual reality and machine learning are some of the factors expected to drive Nvidia’s growth. The fact that Nvidia Corporation (NASDAQ:NVDA) has a more pointed business model is also expected to help the company to accelerate market penetration and guard against competition at the same time. Nvidia’s primary areas of focus are Cloud, Automotive, PC gaming and virtual reality (VR). In a way, concentrating in a few product categories is helping Nvidia to avoid head-on competition with Intel Corporation (NASDAQ:INTC) in everything chips. Additionally, the pointed business approach also helps Nvidia to…

Link to Full Article: Jefferies reiterates BUY rating for Nvidia Corporation (NASDAQ:NVDA)

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