BofA raises Nvidia target to $1,500, sees EPS power of over $50 within 2 years
The NVIDIA price target was raised to $1,500 from $1,320 at Bank of America on Monday, with the firm maintaining its Buy rating on the chipmaker.), which is its top pick, following the CEO keynote ahead of the Computex annual computer expo in Taiwan over the weekend.
"Importantly, NVDA is now eyeing millions of GPUs-sized clusters for large hyperscalers as early as 2026, paving the way for greatly increased unit opportunities," they added. "We continue to believe NVDA's turnkey system design could sustain 80%+ market share in AI accelerators and generate sustained growth in networking ," states BofA."With potentially faster Blackwell adoption , we see potential EPS power of $50+ within two years."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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