Wall Street analyst downgrades Nvidia stock amid lower Blackwell margins
Nvidia(NVDA) Finbold·2024-11-22 15:36
The share price of Nvidia (NASDAQ: NVDA) has received a rare downgrade, with analysts pointing to the chipmaker’s potentially tempered near-term margins.Specifically, Nvidia received a cautious downgrade from Phillip Securities, which revised its rating from ‘Buy’ to ‘Accumulate.’Investment management firm analyst Yik Ban Chong downgraded Nvidia despite its strong third-quarter performance for fiscal year 2025. However, the analyst expressed concerns over the lower initial gross margins anticipated for Nvid ...