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Nvidia could appeal to investors as buybacks rise, BofA says

BofA’s note argues Nvidia investors may look past financing risks and focus on the potential support from enhanced share repurchases.

Reported · Written up by our desk · Sectors

MarketWatch reports that Bank of America is building a bullish case for Nvidia’s stock, suggesting it could rise as much as 55%.

The analyst’s view emphasizes that, despite concerns around financing risks, Nvidia’s enhanced share buybacks could be a key factor for investors.

According to MarketWatch, the note frames the buyback activity as a way for Nvidia to attract investors looking for shareholder-return support.

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Sources

MarketWatchHere’s the case for Nvidia’s stock to climb 55%, according to BofA
MarketWatchHere’s the case for Nvidia’s stock to climb 55%, according to BofA

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