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Jefferies says buy Nvidia shares into earnings due its next graphics chips

“Nvidia’s sales will surge over the next year due to its next generation graphics products, according to Jefferies” writes Shannon Stapleton for The firm reiterated its buy rating for Nvidia’s stock, predicting the chipmaker will report profits above expectations this year.Nvidia is slated to report its second-quarter earnings results on Thursday.”We think expectations are low given that they’ve guided to a drop in crypto revenue and lower [gross margins].

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