'We have little doubt that Nvidia will sell every GPU it can secure from TSMC in the quarters ahead,' Morningstar said.
was enough to convince the last bear on Wall Street to throw in the towel.
For the third quarter, Nvidia sees revenue of about $16 billion, well ahead of the consensus for $12.4 billion. The bullishness from Colello could have staying power based on Nvidia's solid results, according to the note. He called Nvidia's capital allocation "exemplary" and described the company's economic moat as "wide."
"We have little doubt that Nvidia will sell every GPU it can secure from TSMC in the quarters ahead."
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