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Bank of America says Nvidia is a top pick due to the big upgrade opportunity for its gaming cards

September 24, 2018

Via: CNBC

Nvidia shares will keep rising even after the stock’s big gains this year, according to Bank of America Merrill Lynch.

The firm reiterated its buy and ‘top sector pick’ ratings for Nvidia shares, predicting strong demand for the company’s previous generation Pascal graphics chips.

In August, Nvidia announced its new eighth-generation Turing graphics architecture. Last week the first gaming cards based on Turing became available.

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