Nvidia’s Rout Makes for Compelling Chance to Buy, BofA Says

(Bloomberg) — Artificial intelligence darling Nvidia Corp. is facing near-term headwinds that are making its valuation look compelling, giving investors an attractive buying opportunity, according to Bank of America Corp.

Shares of the chipmaker are down about 15% from its late August earnings release, when the company failed to live up to investors’ lofty expectations. The downward pressure could continue in the coming weeks as Nvidia grapples with production issues surrounding its much-awaited Blackwell chips, recent regulatory scrutiny, more cautious investor sentiment toward the AI trade generally, and overall market volatility.