NVDA - Corsair's Troubles Will Likely Continue

• It's difficult to hate this company, but our view of the fundamentals suggests positive price action is unlikely.
• Corsair is seeing its competitive advantage diminish, and its recent innovations have been lackluster.
• There are several medium-term headwinds which are contributing factors to the negative sentiment around the stock.
• After a 68% fall in its share price, we still believe it is overvalued.
• We thus assign a sell rating.

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