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cailianshe news, september 6 (editor: bian chun)recently, the stock price of "ai chip overlord" nvidia was suddenly hit by negative news, which frustrated the bulls, but bank of america believes that the sharp drop in nvidia's stock price in the past week provides an attractive buying opportunity.

nvidia's stock price plummeted on tuesday, wiping $279 billion off its market value, the largest single-day drop in u.s. corporate history.

nvidia's recent earnings report fell short of the market's most optimistic expectations, adding to concerns that investments in artificial intelligence could be losing momentum, prompting a pullback in its shares.

nvidia shares continued to fall on wednesday following reports that the u.s. department of justice had subpoenaed the company over antitrust concerns.the stock has fallen 15% since nvidia released its second-quarter earnings report in late august.

however, nvidia later denied receiving a subpoena from the us department of justice.

in summary, the performance that fell short of wall street's highest expectations, the delivery problems of the much-anticipated blackwell chip, the recent rumors of antitrust review, investors' cautiousness about ai investments, and the increase in overall market volatility have all become the driving forces behind nvidia's sharp drop.

the buying opportunity has arrived

for bank of america, nvidia's dip marks a buying opportunity.

nvidia's current valuation is hovering at its lowest level in the past five years, the bank said in a report released thursday.