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Actionable news in INTC: Intel Corporation,

Nvidia: Investors Want to Buy, But Waiting for Cheaper ‘Entry,’ Says Jefferies

Jefferies & Co.’s Mark Lipacis today reiterates a Buy rating on shares of Nvidia (NVDA), writing that his conversations with investors in recent weeks show that they want to buy the stock but are waiting for it to go lower.

Lipacis writes that he’s been on the road “marketing our recent franchise note,” by which he refers to a note to clients on July 10th in which he predicted a “fourth wave” of computing that will benefit Nvidia, and Advanced Micro Devices (AMD), whose shares he also rates a Buy.

That fourth wave involves things such as machine learning and artificial intelligence, but it’s really about parallel computing. Lipacis has an Underperform...