KeyBanc Sees Negative Trends for Nvidia

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The Street

By Dan Weil KeyBanc sees positive and mixed trends for other chipmakers. Demand remains ‘healthy’ in the industry, it said. It’s a mixed bag for semiconductor stocks, says John Vinh, equity research analyst at KeyBanc Capital Markets. “Despite a softening backdrop across most consumer-facing applications, broad-based demand trends remain healthy and robust,” he wrote in a commentary. “Given the softening consumer backdrop in personal computers and smartphones, we were somewhat surprised by how healthy broad-based demand trends sounded in the channel.” He was referring to KeyBanc’s quarterly su…

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