UPDATE: J.P. Morgan Lowers Price Target On Nvidia To $18

According to J.P. Morgan, Nvidia NVDA price target is lowered to $18. J.P. Morgan said that it believes the company's recent share gains in discrete GPUs in Sandy Bridge notebooks and Fermi adoption in workstations (Quadro) should help to mitigate some of this risk. “Given the dilutive effects of the Icera business, we are lowering our C12 EPS estimate by $0.07 to $1.33.” Nvidia closed yesterday at $13.41.