News Snapshot:
[post] ] A succession of analysts reiterated buy ratings but trimmed price targets on Nvidia after the semiconductor company issued lighter guidance than expected after a strong quarter. Shares of Nvidia initially dropped in extended trading after the company said on Wednesday that it expects sanctions in Russia and ongoing Covid lockdowns in China will result in a $500 million hit in the current quarter. The semiconductor company still posted beats on the top and bottom lines on strength in its gaming and data center businesses. Nvidia’s shares have since pulled back on losses and turned positive Thursday morning. Analysts...
