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Benzinga
119 days

Analyst Sticks With Nvidia Despite Fallout From China Curbs

1. Nvidia stock down 14% post H20 shipment ban to China. 2. BofA's Arya cites concerns: China sales and AI Diffusion Rules. 3. Lowered price target to $150, but maintains a 'Buy' rating. 4. Upcoming AI Diffusion Rule poses a major sales risk. 5. Nvidia's current P/E is below historical averages, suggesting value.

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FAQ

Why Bullish?

Despite recent declines, analysts maintain a 'Buy' rating, indicating long-term growth potential. Historically, similar downturns led to rebound as market settles.

How important is it?

High relevance due to BofA's analysis impacting investor perspectives and trading strategies.

Why Short Term?

Immediate concerns over product bans may pressure stock, but valuation suggests recovery potential in upcoming quarters.

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