{"id":46203,"date":"2023-08-09T04:19:25","date_gmt":"2023-08-09T08:19:25","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/heres-why-nvidia-is-bofas-top-sector-pick-ahead-of-earnings\/"},"modified":"2023-08-09T04:19:27","modified_gmt":"2023-08-09T08:19:27","slug":"heres-why-nvidia-is-bofas-top-sector-pick-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=46203","title":{"rendered":"Here’s why NVIDIA is BofA’s top sector pick ahead of earnings"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. Here’s why NVIDIA (NVDA) is BofA’s top sector pick ahead of earnings<\/span>
\n<\/i>\n<\/div>\n

NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on Monday, with analysts stating it is the firm’s top sector pick ahead of its second quarter earnings release.<\/p>\n

The analysts said they view the stock favorably, given the company’s dominant position and multi-year runway in transforming the more than $1 trillion in traditional global data centers to AI\/accelerated compute.<\/p>\n

“After last quarter’s shock-and-awe report, we expect the sentiment to be bit more measured. Demand isn’t the issue, its supply (packaging, memory) and importantly the pace with which US cloud service providers (CSP) are able to set up genAI compute instances,” the analysts wrote.<\/p>\n

“Overall, we expect: 1) F2Q (Jul) sales to be inline\/modestly ahead better than guide $11bn (+64% YoY), including around $7.8-8bn in data center, and 2) F3Q (Oct) sales to accelerate to up +100% YoY towards $12-$12.5bn (bull-case $13-14bn), including data center sales around $8.5-9bn (bull-case $10-$11bn,” they explained.<\/p>\n

The analysts concluded that investors will be looking for Nvidia to provide clues on the sustainability of its elevated forecasts “considering a lukewarm US CSP capex environment.”<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Here’s why NVIDIA (NVDA) is BofA’s top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on Monday, with analysts stating it is the firm’s top sector pick ahead of its second quarter earnings release. The analysts said they view the stock favorably, given the […]<\/p>\n","protected":false},"author":1,"featured_media":12005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-46203","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nHere's why NVIDIA is BofA's top sector pick ahead of earnings | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Here's why NVIDIA (NVDA) is BofA's top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=46203\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here's why NVIDIA is BofA's top sector pick ahead of earnings | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Here's why NVIDIA (NVDA) is BofA's top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=46203\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T08:19:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T08:19:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEE0U1G1_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46203#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46203\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Here’s why NVIDIA is BofA’s top sector pick ahead of earnings\",\"datePublished\":\"2023-08-09T08:19:25+00:00\",\"dateModified\":\"2023-08-09T08:19:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46203\"},\"wordCount\":222,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=46203#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46203\",\"url\":\"https:\/\/ifintechworld.com\/?p=46203\",\"name\":\"Here's why NVIDIA is BofA's top sector pick ahead of earnings | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-09T08:19:25+00:00\",\"dateModified\":\"2023-08-09T08:19:27+00:00\",\"description\":\"\u00a9 Reuters. Here's why NVIDIA (NVDA) is BofA's top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46203#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=46203\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46203#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here’s why NVIDIA is BofA’s top sector pick ahead of earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Here's why NVIDIA is BofA's top sector pick ahead of earnings | iFintechWorld","description":"\u00a9 Reuters. Here's why NVIDIA (NVDA) is BofA's top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=46203","og_locale":"en_US","og_type":"article","og_title":"Here's why NVIDIA is BofA's top sector pick ahead of earnings | iFintechWorld","og_description":"\u00a9 Reuters. Here's why NVIDIA (NVDA) is BofA's top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on","og_url":"https:\/\/ifintechworld.com\/?p=46203","og_site_name":"iFintechWorld","article_published_time":"2023-08-09T08:19:25+00:00","article_modified_time":"2023-08-09T08:19:27+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEE0U1G1_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=46203#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=46203"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Here’s why NVIDIA is BofA’s top sector pick ahead of earnings","datePublished":"2023-08-09T08:19:25+00:00","dateModified":"2023-08-09T08:19:27+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=46203"},"wordCount":222,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=46203#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=46203","url":"https:\/\/ifintechworld.com\/?p=46203","name":"Here's why NVIDIA is BofA's top sector pick ahead of earnings | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-09T08:19:25+00:00","dateModified":"2023-08-09T08:19:27+00:00","description":"\u00a9 Reuters. Here's why NVIDIA (NVDA) is BofA's top sector pick ahead of earnings NVIDIA\u00a0(NASDAQ:) was maintained at Buy with a $550 price target by BofA on","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=46203#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=46203"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=46203#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Here’s why NVIDIA is BofA’s top sector pick ahead of earnings"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46203"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46203\/revisions"}],"predecessor-version":[{"id":46204,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46203\/revisions\/46204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/12005"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}