JMP Securities hikes its rating on graphics-chip maker Nvidia (NVDA +2%) to Market Perform,...

|By:, SA News Editor

JMP Securities hikes its rating on graphics-chip maker Nvidia (NVDA +2%) to Market Perform, based on growing evidence that margins and booking trends have bottomed and are likely to improve going forward. "Fundamentals have turned the corner for Nvidia,” the firm says, seeing "broadening evidence that a recovery in computing fundamentals is underway."