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Barchart
Barchart
Aditya Raghunath

Bank of America Forecasts $40 EPS for Nvidia Stock in Just 5 Years. Should You Buy NVDA Here?

Nvidia's (NVDA) remarkable artificial intelligence story keeps getting stronger, and Bank of America believes the chipmaker's best days may still lie ahead. Following the company's recent quarterly results, analyst Vivek Arya projects earnings could surge to $40 per share by 2030, driven by unprecedented demand for Blackwell chips. 

The investment bank maintains its “Buy” rating and names Nvidia its top sector choice, highlighting five standout takeaways from the latest earnings call. Management revealed that Blackwell sales are breaking records, that cloud GPU capacity remains completely sold out across all generations, and that newer products are ramping faster than expected.

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