Jun 3, 12:15 PM

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.

#Bank of America #BofA #Nvidia #NVDA #Buy #Vivek Arya #GB200 NVL2 #Blackwell Ultra #Rubin #Jensen Huang #Computex #Taiwan

Written with ChatGPT (GPT-4o).

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Evan@StockMKTNewz
2 years ago
Bank of America now has the highest Wall Street price target on Nvidia $NVDA at $1,500 https://t.co/zwG0bbHU9O
AJ@alojoh
2 years ago
BREAKING: Bank of America raises its Nvidia price target to $1,500! The is also my price target (published last week). https://t.co/6DiBbZDI3V
Evan@StockMKTNewz
2 years ago
Bank of America today raised its price target on Nvidia $NVDA to $1,500 up from $1,320 while maintaining its Buy rating "With potentially faster Blackwell adoption (increased mainstream AI), we see potential EPS power of $50+ within two years" https://t.co/yqRmrJsuvN

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

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