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Actionable news in INTC: Intel Corporation,

Nvidia: Will Cryptocurrency Goose Returns?

Shares slipped 1.3% to $209.16 Wednesday. The analysts raised their price target to $190 on the stock, but maintain a hold rating. More from the Deutsche team:

" ... given the recent strength in PCs (INTC/AMD Computing & Graphics) and crypto-currency, we would not be surprised by incremental upside in F2Q revs especially when considering NVDA has beat its mid-point of guidance by an average of +9% over the past 9 quarters, and beat the high-end of its guidance range in 8 of these past 9 quarters. By end market, we currently estimate Gaming revs up +16% q/q (57% of sales), Data Center revenues up +10% q/q (19% of sales), Auto revs flat q/q, Proviz sales down -5% q/q, and OEM/Other revs down -17% q/q (crypto related sales -42% q/q). We currently model October quarter GM of 58.6% and opex of $672 million in-line with guidance, yielding GAAP EPS of $0.97 ($1.19 ex-SBC) above Street at $0.95 ..."

Semiconductor stocks started the week with a bang: Broadcom (AVGO) wants to acquire Qualcomm (QCOM) and Advanced Micro Devices (AMD) is partnering with Intel (INTC).


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