Nvidia could generate $1 billion in daily free cash flow by next year, BofA says

Bank of America analyst Vivek Arya said Nvidia could generate $1 billion in free cash flow every weekday by this time next year, a projection he shared ahead of the company's Q2 earnings report due Wednesday evening. Arya said the market already expects an earnings beat, making balance sheet disclosures about ecosystem funding more important than the EPS figure. Nvidia's stock has fallen 1-5% the day after each of its last four earnings reports despite beating estimates each time. Arya argued Nvidia is trading at 0.3 times earnings growth, suggesting the stock is 30-50% undervalued. He also highlighted strong demand from large customers)Skip and the upcoming Vera Rubin product cycle as key factors to watch.