NVDA - BOFA: NVIDIA STOCK DROP IS DUE TO “MISREADING THE NUMBERS” Bank of America says Nvidia’s recent pullback is driven by investors misinterpreting its quarterly results. Analyst Vivek Arya urged clients to focus on strong demand and a 60% QoQ jump in free cash flow to over 22B. BofA dismissed concerns about receivables and inventory, noting days sales outstanding improved slightly and inventory is rising as Nvidia ramps shipments of complex Blackwell systems. While Google’s TPU chips are gaining attention, BofA said Nvidia still dominates the AI ecosystem, with GPUs used across all major clouds and most large language models. The bank kept its Buy rating and 275 target, calling Nvidia compelling despite short-term volatility.(*Walter Bloomberg)