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Nvidia Stock Price: BofA Sets $350 Target, Sees 50%+ Upside
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Bank of America analyst Vivek Arya maintained a Buy rating on Nvidia with a $350 price target, versus a $217 share price. Arya said the market is over-penalizing AI capital spending risks. Nvidia reported $96.2 billion in quarterly revenue, up 106% year over year, with about $89 billion from data centers as Blackwell ramps. BofA sees the current valuation as low if AI accelerator demand remains strong. Key risks include customer concentration, hyperscaler spending and Blackwell shipments.
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