NVIDIA, AMD Price Targets Slashed On Back Of Tariff, Blackwell Concerns
NVIDIA and AMD both saw their price targets cut by TD Cowen today due to problems with compute demand for AMD and potential troubles with next-generation chips for NVIDIA. Both firms have struggled in the stock market this year, with NVIDIA having lost 28% year-to-date while AMD has been down by 31%. TD Cowen has cut NVIDIA's share price target to $140 from an earlier $175 but kept a Buy rating for the stock and maintained it as a Top Compute pick. As for AMD, the firm has reduced the share price target to $110 from $135 and cited tariff-related […]