Weak commentary from Intel (INTC) and Nvidia (NVDA) regarding high-end Ethernet NIC demand from data center customers wasn’t good news, but Mellanox (MLNX)
showed again that they can deliver strong growth even in a period of
“digestion” for major customers. Mellanox continues to do quite well in
the high-end data center market, and I expect 2019 to be another year of
double-digit growth with margin improvement. Getting another chance to
buy Mellanox in the $80’s would be nice, certainly, but today’s price
still offers enough upside to keep this on a buy list.
Read more here:
Different Mix, Same Results For Mellanox
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