BofA analyst Vivek Arya said in a note to clients that he is focusing on Nvidia’s gross profit margins and their recovery as a key to a meaningful rebound in the stock. “Nvidia’s stock peaked last year (June) right around the time gross margins peaked around 79% in the Hopper product cycle,

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Nvidia stock was edging higher Tuesday, giving investors hope that the artificial-intelligence chip maker’s horror start to the week won’t extend into a second session. Shares climbed 1.2% to $108.26 in premarket trading.