Nvidia Drops 9%: Stock’s Valuation ‘Unsustainable,’ Says Instinet

Tech Trader Daily
By Tiernan RayFeb 23, 2017, 11:31 am113 ptsTrending
Shares of graphics chip pioneer Nvidia (NVDA) are down $10.09, or 9%, at $100.67, after Instinet’s Romit Shah cut his rating on the shares to “Reduce” from Buy, and cut his price target to $90 from $100, writing that the stock is as expensive as it’s been in the last ten years, and that investor…

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