Went through NVDA and AMD's ratings, The downgrades due to Analysts ancipating “Consumers will buy less of electeonics due to inflation”
Not that I disagree but
Is inflation sky rocketing in all countries (across rhe world) ? I mean if US sales are less then companies like NVDA, AMD do have major chunk of revenue coming from overseas as well.
I've been hearing China is slashing interest rates to 'near zero' to boost their econony, why will be a slowdown in consumer spending ?
How can analysts downgrade a stock due to only US inflation ?
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