AI Creates 'Generational Opportunity': Why Nvidia Analyst Says Stock Will Hit $190

Quick Summary:

Nvidia Corp.(NASDAQ:NVDA) continues to be Bank of America’s top stock pick within the artificial intelligence (AI) universe, with analyst Vivek Arya labeling the company as a “generational opportunity.” On Thursday, the investment bank raised its price target for the company from $165 to $190.

This implies a 40% upside compared to current market prices, on the heels of Nvidia's “dominant market position in AI chips” and future AI-driven growth.

Bank Of America Raises Earnings Estimates On Nvidia

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesTaiwan

Topics: Stories That Matter US67066G1040 Large Cap US5951121038 US0378331005 AAPL US4642875235 Tech Benzinga AI ACN Top Stories Artificial intelligence NOW US0079031078 US5949181045 Price Target TSM MSFT USN070591862 Mid Cap US68389X1054 Expert Ideas AVGO Analyst Color US8740391003 NVDA ORCL IE00B4BNMY34 Semiconductors ASML SOXX Chipmakers AMD SG9999006241 MU

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 19:28:43 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23122045

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 24 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions