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Buy Nvidia Stock Because It Will Lead the AI Arms Race, Says Analyst

Photo of Nora James Nora James February 14, 2023
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Buy Nvidia Stock Because It Will Lead the AI Arms Race, Says Analyst
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BofA Global Research is optimistic that Nvidia’s leadership in semiconductors for artificial-intelligence applications will boost its sales in the coming years.

On Monday, analyst Vivek Arya reiterated his Buy rating for


Nvidia


stock (ticker:


NVDA


) and raised his forecast for the chip maker’s stock price to $255 from $215.

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