Nvidia's $7 Billion Erasure a Blip for Analysts Who Love It
- Tailwinds for Nvidia include growing trends in data center
- Nvidia’s newest bull sees opportunity in gaming graphics cards
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Analysts are coming to the defense of Nvidia Corp. after Monday’s trade tension inspired bloodbath in the tech sector lopped off more than $7 billion from the chipmaker’s market cap.
The company remains on pace to profit from data center and gaming trends, according to Benchmark and B Riley FBR analysts. Investors seem to be ignoring news from over the weekend of the U.S. claiming the most powerful supercomputer in the world -- an IBM-built machine equipped with six of Nvidia’s Tesla V100 graphic processors.