$NVDA - BOFA: NVIDIA COULD BE UP TO 50% UNDERVALUED
Bank of America says Nvidia may trade at a 34%-50% discount, as investors could be overstating AI-related risks.
BofA sees Nvidia’s aggressive AI investments as a long-term opportunity, despite potential balance-sheet risks if demand slows.
The bank maintains a Buy rating and $350 price target, implying significant upside from Nvidia’s current price around $219.
