Nvidia (NVDA) bounced back Thursday after taking a hit earlier in the week.
Bank of America analysts are calling the dip a prime “buy opportunity” for savvy investors, despite recent turbulence.
Nvidia’s stock had slipped amid concerns over its outlook and rumored regulatory scrutiny, which the company firmly denied.
Still, Bank of America reaffirmed Nvidia as its “top sector pick,” citing short-term challenges like slowing growth, potential Blackwell delays, and market seasonality.
But long-term, the tech giant’s prospects remain firmly rooted in AI-driven innovation.
The recent drop, analysts say, might open the door for an enhanced buying opportunity, as supply chain updates in the coming weeks could confirm the readiness of Nvidia’s Blackwell shipments.
And that, for business leaders keeping an eye on AI advancements, is the spark for the next big rally.
On Thursday, Nvidia stock rose nearly 1%, closing at $107.21. Even with this week’s bumps, it has more than doubled in value this year, solidifying its place as a powerhouse in the AI revolution.
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