Here's Why Nvidia Is BofA's Top Sector Pick Ahead of Earnings

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Here's Why Nvidia Is BofA's Top Sector Pick Ahead of Earnings

StreetInsider2023-08-08

NVIDIA (NASDAQ:NVDA) was maintained at Buy with a $550 price target by BofA on Monday, with analysts stating it is the firm's top sector pick ahead of its second quarter earnings release.The analysts ...

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·2023-08-08
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Demand isn't the issue","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"这就是为什么英伟达是美国银行在收益前的首选行业","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1},"content_text":"NVIDIA (NASDAQ:NVDA) was maintained at Buy with a $550 price target by BofA on Monday, with analysts stating it is the firm's top sector pick ahead of its second quarter earnings release.The analysts said they view the stock favorably, given the company's dominant position and multi-year runway in transforming the more than $1 trillion in traditional global data centers to AI/accelerated compute.\"After last quarter's shock-and-awe report, we expect the sentiment to be bit more measured. 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