Bank of America highlights Nvidia and other stocks as undervalued
Bank of America has identified a number of shares it believes are undervalued, with Nvidia among the names it singled out in a recent research note.
The investment bank’s analysts said that the technology giant’s current price does not reflect its growth prospects, and they recommend buying the stock for investors looking for value plays.
In addition to Nvidia, the note lists several other equities that BofA considers to be trading below fair value, although the firm did not disclose the full roster in the brief release.
Market participants will be watching the bank’s recommendations closely as investors look for potential bargains in a volatile market environment.
<small>Source: CNBC — read the original story there.</small>