Tech Today: Debating Nvidia, iPhone Delays? Arista’s Good News – Tech Trader Daily

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Here are some things going on today in your world of tech:

China may get its own national mobile operating system. Jolla, the company that carried on Nokia’s (NOK) software work, in the form of the “Sailfish” operating system, issued a statement today saying that a consortium to whom it has licensed Sailfish, “The Sailfish China” is moving into the “implementation” phase, and “within six months, China will have its own independent mobile operating system.”

Shares of Nvidia (NVDA) are up 58 cents, or 0.6%, at $101.36, amidst dueling reports today. You’ll recall that yesterday, Pacific Crest’s Michael McConnell cut the stock to Underweight, because of potential slowing in its sales of GPUs for desktop and server.

Today comes Canaccord Genuity’s Matthew Ramsay, who cut his target on Nvidia to $125 from $130, writing that the company could face pricing pressure at some point in its data center GPU business. Ramsay still likes Nvidia stock, but he sounds more bullish about the immediate prospects of Advanced Micro Devices (AMD).

Defending the stock is Citigroup’s Atif Malik, who reiterates a Buy rating and a $145 price target, writing that worries about slowing sales are “misleading,” according to a summary provided by TheFlyontheWall.

Shares of Apple (AAPL) are up 40 cents at $145.17, after the Economic Daily wrote that the next iPhone might not arrive till October or November, instead of what has generally been viewed as a September arrival.

According to a summary provided by DigiTimes’s Steve Shen, there are “technical issues related to the lamination process of curved OLED panels, and the adoption of a 3D sensing system may cause the delay of the new iPhone devices.”

Shares of networking equipment vendor Arista Networks (ANET) are up 89 cents, or 0.7%, at $134.09, at $133.49, after the U.S. International Trade Commission late yesterday issued an opinion apparently favorable to Arista, in the suit against the company for infringement brought by competitor Cisco Systems (CSCO).

Analysts said it could be a key development in the company regaining permission to import finished goods into the U.S., which would help Arista’s profit.

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