NVIDIA Corporation Q1 Earnings Report: Breaking More Chains?

The Q1 2017 earnings report for large cap semiconductor stock NVIDIA Corporation (NASDAQ:NVDA) is scheduled for after the market closes on Thursday (May 5th). Around the last time the company reported earnings, Jefferies & Co’s Mark Lipacis (who reiterated a Buy rating and raised his target to $40 from $38) had this to say:  “In our 17-Sep-15 upgrade, we highlighted 4 secular drivers for NVDA: PC Gaming, Autos, Cloud and Virtual Reality. NVDA made the decision to focus on these markets and build domain expertise that includes software and platform solutions. This change in strategy means that 1) NVDA has decoupled from the PC market and 2) NVDA is no longer a direct competitor to INTC in its primary businesses.” A technical chart shows shares peaking in December, then dipping to a…


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