NVDA - Nvidia Has 'Multi-Year Lead' On AMD Intel: Bank Of America Analyst Expects Stock To Hit $1500 Per Share | Benzinga
Following a series of investor meetings with Nvidia Corp (NASDAQ:NVDA) executives, Bank of America on Wednesday reiterated its Street-high price target of $1,500 and reaffirmed the AI giant as a top sector pick.
What To Know: BofA Securities analyst Vivek Arya maintained Nvidia with a Buy rating and price target of $1,500 following “positive” meetings in terms of demand and customer interest with Nvidia CFO Colette Kress, vice president of investor relations Simona Jankowski and director of investor relations Stewart Stecker.
The overall tone of the meetings was very positive given the company’s expanding customer interest, gated only by supply, the BofA analyst said.
“While supply constraints can o?ten lead to double ordering, NVDA suggested very thoughtful planning by its customers,” Arya wrote in a new note ...