Analysts At BofA Securities Say In A Research Note "NVIDIA's Generative AI Dominance Can Potentially Help Generate About $100B Of Incremental Free Cash Flow Over The Next 2-Years, They Expect NVIDIA To Deploy Around $30B-$35B For Buybacks
Portfolio Pulse from Benzinga Newsdesk
BofA Securities analysts predict NVIDIA's generative AI dominance could generate approximately $100B in incremental free cash flow over the next two years. They anticipate NVIDIA will use $30B-$35B of this for stock buybacks.
January 05, 2024 | 4:58 pm
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POSITIVE IMPACT
BofA Securities analysts project that NVIDIA's leadership in generative AI could lead to $100B in free cash flow, with $30B-$35B earmarked for share repurchases.
The positive outlook from BofA Securities analysts on NVIDIA's generative AI capabilities and the significant free cash flow expected to be generated could lead to increased investor confidence and a potential rise in stock price. The planned buybacks are likely to further support the stock price by reducing the number of shares outstanding, thus potentially increasing earnings per share and the intrinsic value of the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100