The concerns concerning Nvidia Corporation (NVDA) are working, says the technological expert
The “new sources of income” by NVIDIA (NVDA) causes street concerns about NVDA actions significantly, Matt Bryson, general manager of Wedbush Securities, said in Yahoo finance said.
Meanwhile, with regard to the results of the first quarter of NVDA, Bryson expects the positive catalysts of the company “compensate” the difficulties he started in China towards the end of the first quarter.
Bryson covers the corporate equipment sector for Wedbush.
The perceptions of the street on the NVDA and its first quarter results
Nvidia Corporation (NVDA) has improved the performance of its new Blackwell chips, while the technology giant has concluded a number of governments, noted Bryson.
In the light of these developments, the fears of the street about the NVDA have become less intense, he said.
“There are (less) concerns about Nvidia than two or three weeks ago because (he has) all these other new sources of income that appear,” he said.
Meanwhile, the solid income from NVDA from China in the first two months of the year, as well as the increased production of its Blackwell chips as the first quarter progressed, should compensate for the weakness in China that the company knew in March, according to Bryson.
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