2020-02-25: UPDATE: Nomura Downgrades NVIDIA to Reduce, Lowers Price Target to $230 As Firm Notes 'In our view, the risks to the global semiconductor industry posed by the COVID-19 outbreak have grown over the last few weeks.'. Earnings To The Rescue? HP, Macy's, Home Depot All Report Solid Results, Providing Lift. Shares of several semiconductor companies are trading higher as markets partially rebound from Monday's dip. NOTE: While some markets recover, coronavirus fears still persist globally.. Nomura Downgrades NVIDIA to Reduce, Lowers Price Target to $230