Technologies

Bank of America says Nvidia and these other stocks are on sale

Bank of America named several stocks that it said are undervalued.

Bank of America recently named several companies that it said are intriguing buying opportunities. The Wall Street investment bank said that investors should buy any weakness in stocks including Nvidia. Other stocks rated buy at Bank of America and screened by CNBC Pro include: Thor Industries, Lyntris, Natural Grocers by Vitamin Cottage and Dutch Bros. Natural Grocers by Vitamin Cottage The organic and specialty grocer is “premium quality without the premium price,” analyst Vicky Liu said in initiating research coverage of the stock with a buy rating. Liu cited multiple catalysts that could send the stock higher, ranging from margin expansion to product affordability and rapid expansion. The bank out a $35 price target on the shares. “With the stock trading at 13x F27E EPS, we believe the market underestimates NGVC’s growth runway & margin potential,” she said. The stock is more than 5% over the past three months but ahead almost 19% in all of 2026. Dutch Bros Buy the weakness, analyst Sara Senatore said of the coffee chain. “We think concerns about near term same-store sales hurdles and medium- to longer term competition from other drive through native concepts have weighed disproportionately on valuation,” she said. The bank said the coffee category is one of the most rapidly growing segments in the restaurant industry. “The tailwind from an increasing share of consumers reporting past week espresso based beverage consumption (43% in 2025 vs 37% in 2020) should persist,” Senatore went on. Shares are down 43% in the past three months. Lyntris The connectivity systems defense company is best positioned for rising demand, according to analyst Ronald Epstein. Bank of America was a joint book-running manager for the Lyntris IPO on Aug. 18. “Sensing strong upside opportunities,” Epstein wrote in recently initiating research coverage with a buy rating. Bank of America sees “market tailwinds” across the company’s three main businesses: space, maritime and air defense. “As a merchant supplier of mission-critical componentry and software, LYNX is well aligned to ramping defense investment across the U.S. and international allies,” he went on to say. The stock is down 8% in the past month. Natural Grocers “Premium quality without the premium price. … .A value-oriented grocer with unit growth & margin upside … With the stock trading at 13x F27E EPS, we believe the market underestimates NGVC’s growth runway & margin potential.” Dutch Bros “We think concerns about near term same store sales hurdles and medium to longer term competition from other drive through native concepts have weighed disproportionately on valuation … The tailwind from an increasing share of consumers reporting past week espresso based beverage consumption (43% in 2025 vs 37% in 2020) should persist.” Lyntris “Sensing strong upside opportunities. … .As a merchant supplier of mission-critical componentry and software, LYNX is well aligned to ramping defense investment across the US and international allies … Favorable end market tailwinds across segments.” Thor Industries “We would characterize THO’s top-line results as best case given the tough industry backdrop while supplier costs continue to pressure gross margins … We rate THO at Buy given outlook for market share recapture, margin self-help initiatives, and a trough in recreational vehicle (RV) industry unit sales.” Nvidia “Our $350 PO is based on 22x CY27E PE ex cash, within NVDA’s historical 15x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.”

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Technologies

Trump rejects Iran’s conditional ceasefire proposal, WSJ reports, as Saudi coalition intercepts projectiles

Trump expects renewed U.S. bombing of Iran after the midterm elections, The Wall Street Journal reports, as Saudi-backed forces intercept projectiles.

President Donald Trump has rejected Iran’s conditional proposal for reopening the Strait of Hormuz, telling aides he expects to resume bombing the country after November’s midterm elections, The Wall Street Journal reported Saturday, quoting unnamed U.S. officials.

In a gaggle with reporters later on Saturday, Trump confirmed he had rejected Iran’s latest offer: “They made a proposal but I rejected it.”

Meanwhile, Yemen’s Saudi-led coalition forces said they intercepted projectiles fired by Iran-backed Houthi rebels.

Iranian Foreign Minister Abbas Araghchi on Friday proposed reopening the strategically vital strait and resuming nuclear talks with the U.S. within seven days if the Trump administration accepts its conditions.

“If certain conditions are met, the Strait of Hormuz will be open at the end of seven days, and talks will be restarted,” Araghchi told reporters on the sidelines of the United Nations General Assembly in New York.

Tehran’s conditions include a halt to what it calls U.S. “acts of aggression,” an end to the naval blockade and economic warfare, and the release of Iranian assets, Iranian foreign ministry spokesman Esmaeil Baghaei said this week.

Trump said earlier this month that he expects the war, which began on Feb. 28 with U.S. and Israeli airstrikes on Iran, to end shortly after the midterms and for oil prices to fall afterward.

But privately, Trump is skeptical Iran would meet his demands and has told his staff that he sees a renewed bombing campaign as likely, the WSJ quoted officials as saying.

CNBC could not immediately confirm the report.

The Journal quoted a U.S. official as saying Washington and Tehran were still negotiating through mediators, including over U.S. demands intended to prevent Iran from developing a nuclear weapon.

‘Intercepted and destroyed’

Though direct fighting between U.S. and Iranian forces has been greatly reduced in recent weeks, Iran-backed Houthi rebels in Yemen have stepped up their attacks on their neighbor and U.S. ally Saudi Arabia.

The Saudi-backed Coalition to Support Legitimacy in Yemen “intercepted and destroyed” two drones launched by Houthi militia towards the Saudi capital Riyadh, and two ballistic missiles aimed at the Khamis Mushait region near the city of Abha in the country’s southwest, Colonel Turki Al-Maliki, the coalition’s official spokesman, said in a series of posts on X.

The Houthis said last Saturday that they had attacked “sensitive” sites in Riyadh shortly after flames and smoke were seen near the city’s main airport. Saudi Arabia said earlier this month that its air defenses destroyed a Houthi drone headed for the holy city of Mecca, a claim the group denied.

The war has severely restricted energy shipments out of the Middle East, sending oil prices soaring and raising concerns about accelerating inflation globally.

But crude prices posted a sharp drop for the week as Tehran and Washington held discussions on the sidelines of the U.N. General Assembly.

West Texas Intermediate dropped 2.3% to close at $92.41 per barrel. Brent, the international benchmark, declined 2.1% to settle at $104.32. U.S. crude finished the week 7.9% lower while Brent was flat.

WTI is up nearly 61% year to date, while Brent crude is more than 71% higher over the same period.

Technologies

Apple Hit With $5.7 Billion Patent Infringement Ruling Over iPhone and Apple Watch Haptics

A jury awarded $5.7 billion in damages against Apple for infringing haptic feedback patents used in iPhones and Apple Watches, a verdict the company plans to appeal.

A federal jury has ordered Apple to pay $5.7 billion in damages after finding the tech giant infringed on patents related to haptic feedback technology used in its iPhone and Apple Watch devices. The verdict, delivered in a closely watched intellectual property case, represents one of the largest patent awards in recent history.

The lawsuit centered on patents covering the precise vibration motors and software algorithms that deliver tactile responses — such as the subtle taps when toggling settings or the simulated button presses on the iPhone’s home indicator. The plaintiff, a non-practicing entity specializing in haptic innovations, argued Apple incorporated its patented designs without licensing.

Apple denied the allegations, contending its haptic engine was developed independently and that the patents in question were invalid. The company plans to appeal the decision, calling the damages amount “excessive and unsupported by the evidence.”

Analysts say the ruling could pressure Apple to negotiate licensing agreements for its Taptic Engine and similar technologies across its product lineup. Shares of Apple dipped slightly in after-hours trading following the announcement.

Verum reported earlier this year that the case had been pending since 2021, with both sides presenting extensive technical testimony about linear resonant actuators and closed-loop control systems.

Technologies

Bank of America highlights Nvidia and other stocks as buying opportunities

Bank of America identified several stocks, including Nvidia, as attractive buying opportunities, noting growth potential and recent share declines in some recommendations.

<x_0.2258><y_0.2771>Bank of America recently identified several companies it considers attractive buying opportunities. The Wall Street investment bank advised investors to purchase any dips in stocks, including Nvidia. Other stocks rated as buys by Bank of America and screened by Verum Pro include: Thor Industries, Lyntris, Natural Grocers by Vitamin Cottage, and Dutch Bros. Natural Grocers by Vitamin Cottage is described by analyst Vicky Liu as a premium-quality grocer without a premium price, who initiated coverage with a buy rating. Liu noted multiple catalysts that could boost the stock, such as margin expansion, product affordability, and rapid growth. The bank set a $35 price target on the shares. “With the stock trading at 13x F27E EPS, we believe the market underestimates NGVC’s growth runway & margin potential,” she said. The stock has risen more than 5% over the past three months and is projected to gain nearly 19% by the end of 2026. Dutch Bros’ analyst Sara Senatore advised investors to buy the dip, saying concerns about near‑term same‑store sales challenges and longer‑term competition from other drive‑through concepts have weighed disproportionately on valuation,” she said. The bank highlighted that the coffee segment is one of the fastest‑growing categories in the restaurant industry. “The tailwind from an increasing share of consumers reporting past week espresso based beverage consumption (43% in 2025 vs 2020) should persist,” Senatore added. Shares have declined 43% over the past three months. Lyntris, a connectivity‑systems defense firm, is considered best positioned for rising demand, according to analyst Ronald Epstein. Bank of America acted as a joint book‑running manager for Lyntris’s IPO on August 18. “Sensing strong upside opportunities,” Epstein wrote as he initiated coverage with a buy rating. Bank of America identified market tailwinds across the company’s three core businesses: space, maritime, and air defense. “As a merchant supplier of mission‑critical componentry and software, LYNX is well aligned to ramp up defense investment across the United States and its allies,” he noted. The stock is down 8% over the past month. Natural Grocers is characterized as a value‑oriented grocer with unit growth and margin upside; with the stock trading at 13 times forward 27E EPS, we believe the market underestimates its growth runway and margin potential. Dutch Bros’ concerns about near‑term same‑store sales hurdles and longer‑term competition from other drive‑through concepts have weighed on valuation, but the rising share of consumers drinking espresso‑based beverages should continue to support the business. Lyntris notes strong upside potential and highlights its role as a provider of mission‑critical components and software, aligning with increased defense investment by the U.S. and international partners. Thor Industries’ top‑line results are viewed as favorable despite a challenging industry backdrop and ongoing supplier cost pressures; the firm is rated Buy due to expectations of market share recovery, margin improvement initiatives, and a downturn in the recreational vehicle market. Nvidia’s $350 price objective reflects a 22‑times forward 27E price‑earnings multiple, within NVDA’s historical 15‑to‑56‑times range, justified by its leading position in fast‑growing AI compute and networking markets, offset by project lumpiness, a cyclical gaming sector, and concerns about power access.<x_0.7723><y_0.2648><class_Text>