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Thursday, June 5, 2008

Goldman upgrades Nvidia (NVDA) to buy from hold

Citing Nvidia's share strength and anticipation of further gains against competitors AMD and Intel, Goldman upgrades Nvidia. His numbers inch up this year to $1.35, go up 15 cents next year to $1.55 and rise 11 cents to $1.71 for 2010. This puts him in line with consensus estimates (he was lower previously). It also lets me short stock into strength -- I'm offering some at 25.3 to get started.

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