Seeking Alpha

Nvidia (NVDA +0.2%) is treading water even though Canaccord is launching coverage with a Buy and...

Nvidia (NVDA +0.2%) is treading water even though Canaccord is launching coverage with a Buy and $20 PT. The firm likes Nvidia's exposure to the smartphone and tablet booms (courtesy of its Tegra app processor line); expects the arrival of ARM-based Windows 8 systems to give Tegra sales a lift; and sees the adoption of software-defined radio technology, a specialty of recent acquisition target Icera, strengthening Nvidia's mobile position.
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