Nvidia may benefit as Taiwan September gaming data seen 'above' expectations: Citi
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Nvidia (NASDAQ:NVDA) is potentially a beneficiary after Taiwan's latest gaming data came in "above" expectations, investment firm Citi said on Wednesday.
Analyst Atif Malik, who has a buy rating and $630 price target on Nvidia (NVDA), said companies like Gigabyte and MicroStar reported a 19% month-over-month in sales of graphics cards, compared to the average of a 12% increase.

Taking August also into account, it's likely that Nvidia (NVDA) may see a sequential increase of 7% in gaming sales, compared to Citi's estimate of 3%.
Malik said that Nvidia CFO Colette Kress recently said that the company's GPU-powered laptops have gained in popularity and are now outpacing desktop GPUs in several areas around the world.
Nonetheless, Malik said that even with the rebound in gaming, the data center segment is still Nvidia's (NVDA) "leading sales driver," thanks to the meteoric rise of artificial intelligence spending.
Nvidia (NVDA) shares rose nearly 0.8% in pre-market trading on Monday.


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