HomeLifestyleMediaNVDA Upside, HPQ Growth From PCs, META To Charge For Facebook & Instagram

NVDA Upside, HPQ Growth From PCs, META To Charge For Facebook & Instagram

While Nvidia’s (NVDA) near-term supply remains tight given limited CoWoS capacity, we see moderate upside, notes a Keybanc analyst note. Keybanc raised NVDA’s price target to $750 from $670. The analyst sees strong demand for L40s and sees it contributing $2.5B-$3B in 2H23 revenues. Jeff Pierce discusses NVDA, along with HP Inc. (HPQ) which was upgraded to buy from underperform by BofA. A BofA analyst sees the company achieving a bottom in free cash flow in FY23 and driving growth from the PC outlook and lower restructuring costs. Jeff then goes over some Meta (META) news. META is to charge E.U. users a $14-a-month subscription fee to access Instagram on their phones. E.U. META users can circumvent the $14 fee by opting in for targeted ads. META will also charge $17 for Facebook and Instagram together for use on a desktop. Tune in to find out more about the stock market today.

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03 Oct 2023

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