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Stock of the day: Nvidia

Nvidia shares recover after a bullish outlook from Bank of America, highlighting AI demand and future growth.

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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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