Stock of the day: Nvidia
Nvidia shares recover after a bullish outlook from Bank of America, highlighting AI demand and future growth.
[AI generated]
This video was created on 6 September for IG audiences by ausbiz.
Stock of the day: Nvidia (ASX:NVDA)
Nvidia rebounds after bullish outlook
Nvidia shares bounced back overnight, recovering recent losses after a positive report from Bank of America Global Research. The bank reaffirmed Nvidia as its top sector pick, noting that concerns about AI spending, chip delays, and regulation could present a buying opportunity.
The report also downplayed investor fears about AI capital expenditure (CapEx) and monetisation, suggesting these concerns might not materialise until 2026.
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