UBS Upgrades Nvidia to Neutral

Analyst Michael Urlocker says stronger-than-expected desktop chips fueled higher revenues

UBS Financial upgraded graphics-chipmaker Nvidia (NVDA ) to neutral from reduce. Analyst Michael Urlocker says results for Nvidia's third-quarter were generally good following a very poor quarter in July. He notes revenue was $30 million better than his forecast, driven by stronger than expected desktop chips.

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