Nvidia (NVDA +2.8%) trades higher after Nomura's Romit Shah upgrades the company to Buy ahead of...

|By:, SA News Editor

Nvidia (NVDA +2.8%) trades higher after Nomura's Romit Shah upgrades the company to Buy ahead of its Friday FQ1 report. Shah notes Nvidia has a 20% free cash flow yield relative to its enterprise value, and believes the Street is assigning no value to its Tegra mobile processor business. He also sees Nvidia taking graphics processor share from AMD, thanks to new design wins with Apple and other OEMs.