![]() ![]() “While typically we would want to tie a rating change to some sort of negative catalyst frankly there is none,” Bryson said, noting that the period between data-center orders and deliveries are getting longer, indicating increased demand.īryson said that while he is “less clear on what the Metaverse might eventually entail,” he said that Facebook parent Meta Platforms Inc.īuilding up its data centers and Unity Software Inc.’s ![]() Bryson even increased his price target to $300 from $220, but that still only catches up to the shares’ recent move higher. Wedbush analyst Matt Bryson recently downgraded Nvidia’s stock to neutral from outperform, while admitting that it was just because the valuation has moved so high. Hopes that the company can be a major player in a metaverse future, continued gains in data-center chips and the never-ending popularity of videogames have combined to boost Nvidia that high, but some analysts are now concerned that shares will struggle to move higher even with more strong numbers in the coming report. ![]()
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