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Bank of America Reiterates Strong Buy on Nvidia Amid AI Infrastructure Boom

Bank of America Reiterates Strong Buy on Nvidia Amid AI Infrastructure Boom

Published:
2025-11-11 13:11:02
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BTCCSquare news:

Bank of America's top semiconductor analyst Vivek Arya reaffirmed Nvidia as a 'Top Pick,' maintaining a $275 price target—a 38% upside from current levels. The bullish stance comes despite market jitters about AI spending slowdowns, which Arya views as healthy skepticism rather than structural weakness.

Nvidia's recent GPU Technology Conference revealed $500 billion in anticipated data center orders for 2025-2026, signaling sustained AI infrastructure demand. The company's dominance in AI chips for data centers and cloud systems positions it to deliver 50% sales growth and 70% earnings expansion by 2026, yet trades at just 24x forward earnings.

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