Reported 8 months ago
According to Bank of America analyst Vivek Arya, Nvidia's stock still presents an attractive opportunity for investors, even after a 170% rally this year. Arya outlined five reasons why any decline in Nvidia stock should be viewed as a buying opportunity, including the company's AI hardware deployments, the launch of new AI accelerator systems, and the potential for recurring revenue from software services. Despite the stock's recent strong performance, Arya maintains a bullish outlook, reiterating a 'Buy' rating and a $150 price target, representing a 12% upside from current levels.
Source: YAHOO