AVGO - Different Mix Same Results For Mellanox
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