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Wall Street views AI sell-off as excessive, issues buy recommendations

Reuters · ·by G4L

NVDA NVIDIA Corp
$178.67 -4.27%
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  1. 1Wall Street brokerages, including Morgan Stanley and UBS, assessed that last week's plunge in AI trading was excessive.
  2. 2Nvidia is expected to report earnings after the market close on November 17, with quarterly data center revenue projected to rise by more than 12%.
  3. 3Jane Gibbons viewed the sell-off on November 5 as a reactionary phenomenon rather than a fundamental reset.

So what's the key point?

Experts believe that AI-related stocks have fallen too much. They recommend buying stocks because Nvidia's data center revenue is expected to increase by more than 12 percent.

Source Reuters · View original ↗

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