Bank of America resets Nvidia stock forecast before earnings

Nvidia stock gained slightly on Friday and closed at $190.17, up 1.77%, which now puts it at about 8% lower than its October 29 peak, which had a closing price of $207.04. A lot of pressure has been put on the company as skepticism about artificial intelligence is growing, and investors are eagerly awaiting Nvidia’s Q3 earnings, which will be released on November 19. On top of a general increase in AI skepticism, there were a couple of news items that weren't good for the stock. First came the news that ...