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Nvidia’s Stock Is Undervalued | Durham News
Nvidia’s stock is trading at a seven-year low, but Bank of America’s top analyst says investors are overreacting—this isn’t a sell signal, it’s a buying opportunity. Despite fears over rising memory costs, fierce competition from Google and Amazon, investor saturation, and cash usage, the analyst argues Nvidia’s pricing power, surging cloud sales, and massive projected cash flow (more than Apple and Microsoft combined over two years) make it undervalued. He believes the market is pricing in a downturn that won’t happen, and with a discount this deep, Nvidia’s long-term AI dominance is a…
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