Published 2 months ago

Nvidia Stock Could Face Potential Pullback After Earnings Report, Warns Bank Of America Analyst - NVIDIA (NASDAQ:NVDA)

Summary by Ground News

Vivek Arya, a Bank of America research analyst, has highlighted the possibility of a substantial decline in Nvidia's stock value. Arya believes that any potential decline would be temporary, driven by supply-side issues rather than shifts in demand and competition. The company's stock has seen a significant surge, propelling it to become the third most-valued firm on the S&P 500.

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Benzinga

Nvidia Stock Could Face Potential Pullback After Earnings Report, Warns Bank Of America Analyst - NVIDIA (NASDAQ:NVDA)

NVIDIA Corp (NASDAQ:NVDA) could be in for a significant pullback following its upcoming earnings report, according to a Bank of America analyst. What Happened: Bank of America’s Vivek Arya, a research analyst, has highlighted the possibility of a substantial decline in Nvidia’s stock value, reported Business Insider. Arya’s analysis suggests that the chipmaker’s stock could face an 11% implied post-earnings move, based on bullish buy-side estima…

2 months ago·New York, United States

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