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Why Nvidia Stock Bounced Back on Thursday

TheMotleyFool

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Why Nvidia Stock Bounced Back on ThursdayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Bouncing back from a two-day sell-off, shares of semiconductor star Nvidia (NASDAQ: NVDA) had booked a 2.2% gain through 11 a.m. ET Thursday.

Declaring Nvidia its "top compute pick" in 2022, Bank of America doubled down on its buy rating on Nvidia stock. Its $375 price target forecasts a 33% run-up for Nvidia shares this year, on top of the more than 100% gain they scored last year.

Image source: Getty Images.

Source Fool.com

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