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Evercore's Patrick Wang makes a bearish call on PC chip stocks: AMD (AMD -1.9%) and Nvidia (NVDA...

Evercore's Patrick Wang makes a bearish call on PC chip stocks: AMD (AMD -1.9%) and Nvidia (NVDA -3.9%) have been downgraded to Underweight, and estimates have been cut for Intel (INTC -1.7%). Wang expects AMD to continue underperforming due to high CPU inventories, margin pressure, and tough competition from Intel and ARM-based solutions. As for Nvidia, he thinks Tegra sales could disappoint, partly due to the iPad Mini's arrival and slowing smartphone design wins. (Intel estimate cuts: I, II)
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Comments (1)
  • petrona38
    , contributor
    Comments (2) | Send Message
     
    I Bought amd @ $10, will I see this # again.....?
    thank you
    5 Sep 2012, 03:42 PM Reply Like
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