Bank of America Raises Nvidia Price Target to $1,500 from $1,320, Citing AI Leadership

Bank of America (BofA) has raised its price target for Nvidia (NVDA) to $1,500, up from $1,320, while maintaining a Buy rating. Analyst Vivek Arya highlighted Nvidia's multi-generational roadmap in GPUs and networking, and key product announcements that bolster its AI leadership position. The announcements, including the new GB200 NVL2, Blackwell Ultra, and Rubin, were made during CEO Jensen Huang’s keynote speech at the Computex expo in Taiwan. The roadmap extends through CY27. BofA sees Nvidia's earnings per share (EPS) power exceeding $50 within two years and expects the company to sustain an 80% market share in AI accelerators.