Nvidia (NVDA) Valuation Getting Interesting Says JMP Securities

Nvidia's (NASDAQ:NVDA) valuation is getting interesting, according to JMP Securities analyst Alex Gauna, citing the “classic post-Consumer Electronics Show trading pattern” revealing itself.

In other words, Nvidia has been sold off by over 30 percent from recent highs on the hoopla centering on tablets using the chips of the company weakening since Apple’s (NASDAQ:AAPL) iPad 2 unveiling.

Gauna’s said he's still waiting on the stock for now, but, “we see interesting valuation conditions emerging in Nvidia for investors will to risk being a bit early to its Android and Windows dance, and/or weather a bit more seasonal/sentiment chop.”

He maintains a "Market Perform" on Nvidia, which was trading at $17.96, up $0.04, or 0.22 percent, as of 12:47 PM EST.




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