Watcher Guru: Bank of America Removes Nvidia and Micron From Its Top Stock Picks
JUST IN: 馃嚭馃嚫 Bank of America removes Nvidia $NVDA and Micron $MU from its list of top stock picks.
Context
A major bank dropping two of the most important AI chip stocks from its top picks adds pressure as Nvidia sells off.
Watcher Guru reported that Bank of America removed Nvidia and Micron from its list of top stock picks. Later on Nov 10, the Kobeissi Letter said Nvidia had fallen to its lowest level since March 31 and had lost $400 billion since reports of Jensen Huang's affair with an alleged Chinese spy. Kobeissi attached a chart showing Nvidia at $168.44, down $10.24 or 5.73 percent on the session. Those market figures come from Kobeissi, not from Bank of America.
Deep dive
Watcher Guru reported that Bank of America removed Nvidia and Micron from its list of top stock picks. The post does not quote a research note or give the bank's stated reasons.
The Kobeissi Letter later posted that Nvidia had fallen to its lowest level since March 31 as concerns mounted around Jensen Huang's future with the company. Kobeissi said the stock had lost $400 billion since Huang's affair with an alleged Chinese spy was reported, and attached a chart showing Nvidia at $168.44, down $10.24 or 5.73 percent on the session.
The Bank of America change and the Kobeissi market figures are separate reports. Neither post is a statement from Nvidia or from Bank of America itself.
What to expect next
Watch for Bank of America's research note, any Nvidia response, and whether other banks follow the list change. The Huang legal stories already on the Nov 9 deck remain the backdrop for this selloff, so later court or company filings may matter more than a single session move.