Banking giant drops Nvidia from top investment stocks amid Huang’s affair saga

Bank of America ( BofA ) has removed Nvidia (NASDAQ: NVDA ) from its US 1 list of top investment ideas, adding to the pressure facing the chipmaker. Notably, the technology giant is attracting market attention as CEO Jensen Huang becomes embroiled in an escalating personal and national security controversy. In a November 10 report, the banking giant confirmed that it had dropped Nvidia alongside semiconductor companies Lam Research (NASDAQ: LRCX ) and Micron Technology (NASDAQ: MU ) from the curated list. However, BofA maintained its ‘Buy’ rating on all three stocks , indicating that their removal does not constitute a downgrade. The US 1 list comprises BofA’s preferred investment ideas selected from US-listed companies covered by its fundamental equity research analysts.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Finbold.