Nvidia: BofA raises TP to $500
(CercleFinance.com) - On Wednesday, Bank of America reiterated its Buy rating on Nvidia shares, maintaining them in its "top pick" list and raising its target price for them from $450 to $500 (CP: $378, -5.
7%)
In a report, Bank of America believes that the processor manufacturer's strong showing at Computex confirms its status as the undisputed long-term leader in artificial intelligence.
BofA says that the strength of this business is set to continue, not only given the scale of demand, but also due to improved supply chains, a fact which leads it to envisage a potential increase in the Nvidia's profit margins.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7%)
In a report, Bank of America believes that the processor manufacturer's strong showing at Computex confirms its status as the undisputed long-term leader in artificial intelligence.
BofA says that the strength of this business is set to continue, not only given the scale of demand, but also due to improved supply chains, a fact which leads it to envisage a potential increase in the Nvidia's profit margins.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.