(News Bulletin 247) – Bank of America reiterated on Wednesday its recommendation to buy Nvidia stock, which it maintains on its list of preferred values (‘top pick’) with a price target raised from 450 to 500 dollars.
In a research note, the American establishment believes that the show of force made by the manufacturer of processors at the Computex show confirms its status as the undisputed leader, and in the long term, in artificial intelligence.
According to BofA, the strength of this activity promises to be sustainable, not only in view of the magnitude of demand but also because of the improvement in supply chains, a finding which leads it to consider an upside potential in level of group profit margins.
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