Bank of America Drops Nvidia (NVDA) and Two Chip Stocks From Its US 1 List
Key Takeaways
- •NVIDIA, Micron Technology, and Lam Research were all removed from Bank of America’s US 1 List.
- •The US 1 List summarizes the bank’s most strongly held US equity research ideas.
- •List removal reflects a change in highlighted preferences rather than a formal stock-rating action.
- •The update spans three semiconductor segments: chip design, memory, and fabrication equipment.
Bank of America Drops Nvidia (NVDA) and Two Chip Stocks From Its US 1 List
November 10, 2026
Bank of America has removed NVIDIA (NVDA) from its US 1 List, the short roster the bank uses to flag its highest-conviction stock ideas. The change surfaced on Monday in a trading alert circulated on X, and it was not limited to the graphics-chip maker: Micron (MU), which produces memory chips, and Lam Research (LRCX), a supplier of semiconductor manufacturing equipment, were also taken off the list.
What the US 1 List Is
The US 1 List functions as a concentrated summary of the stock ideas that Bank of America's equity research analysts view with the greatest conviction in the US market. The bank updates the roster as those views evolve, and because the list is deliberately short, each addition or removal is notable to market participants who track the firm's research positioning. List membership is separate from the bank's formal ratings on individual stocks, so a removal signals a shift in the firm's highlighted ideas rather than a rating action in itself. Subsequent updates to the roster will show which ideas the analysts put forward in their place.
The Companies Removed
NVIDIA designs graphics processing units (GPUs), which have become central to artificial intelligence computing in data centers, making it one of the most closely watched stocks in the US market. Micron Technology manufactures memory and storage semiconductors, including DRAM and NAND products used in computing devices and data centers. Lam Research builds wafer-fabrication equipment, such as etch and deposition systems, that chipmakers depend on to produce semiconductors.
The breadth of the update is part of what makes it stand out: rather than singling out one company, Bank of America's change spanned three distinct layers of the semiconductor industry — chip design, memory, and fabrication equipment — meaning the removals touched several parts of the sector at once rather than a single segment.
This content was first published on COINOTAG: Bank of America Drops Nvidia (NVDA) and 2 Chip Stocks From Its US 1 List
