S&P: Nvidia outlook stable

Standard & Poor's said it affirmed the BB- corporate credit rating on Nvidia Corp. and revised the outlook to stable from positive.

The action reflects severely depressed revenues and profitability, and expectations that operating performance will not approach historical levels over the intermediate term, according to the agency

Ratings reflect a narrow business profile, rapid technology evolution, the presence of significant competitive pressures and changing consumer buying patterns, partly offset by the company's ample liquidity and minimal leverage, its fabless business model and generally good market position, the agency said.

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