Nvidia’s stock price will jump more than 50% as the chipmaker remains in a ‘dominant position,’ BofA says
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Nvidia reported revenue that barely exceeded Wall Street’s expectations, triggering an 8.5% stock slide as investors hoped for more outperformance. But Bank of America said that Nvidia is still a solid investment and raised its price target 5%. Regardless of the DeepSeek drama and Chinese trade implications, the company continues to roll out Blackwell chips that have blown past sales projections.
Analysts from Bank of America still think that Nvidia is a buy and have increased their price target on the stock despite some disappointment from fourth-quarter results.
While Nvidia beat estimates late Wednesday, it wasn’t by much, as revenue rose 78% from a year ago to $39.3 billion, edging Wall Street’s projection of $38.3…
