Why Nvidia Stock Bounced Back on Thursday

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.

Continue reading

Source Fool.com