Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Aditya Raghunath

Bank of America Just Touted a $50 Billion Opportunity for Nvidia Stock

Nvidia Bank of America Donald Trump Humain NVDA AMD

Bank of America increased its price target for Nvidia (NVDA) stock to $160 from $150, citing major wins in sovereign artificial intelligence projects that could offset China export restrictions in 2026. The upgrade comes as Nvidia secures significant AI infrastructure deals in the Middle East, particularly with HUMAIN, a Saudi Arabia Public Investment Fund subsidiary.

BofA estimates Nvidia could receive approximately $7 billion in direct contracts, with Phase 1 alone including 18,000 Blackwell GPUs worth roughly $700 million. The bank projects that the chip maker will deliver several hundred thousand advanced GPUs over five years.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Miley Cyrus Admits She Wants Men to 'Hurry' During Sex Because She Doesn't Want To Look at Their Penises
Miley Cyrus's candid discussion of sex, attraction and her queer identity on Call Her Daddy has gone viral, prompting humour, criticism and debate across social media.
International Business Times UK
International Business Times UK
Man Shares 8 Non-Negotiables For How Men Should Treat Women, And Some Of His Rules Have People Talking
A man’s list of “non-negotiables” for how men should treat women has sparked a heated online debate, with some viewers calling the advice the “bare minimum” and others saying several rules feel “outdated.”
Bored Panda
Bored Panda
Billionaires love Trump’s AI rebrand
Trump and his tech bros want to turn us all into video game wallpaper
Salon
Salon
Shane Gillis Drew Backlash Over Joke That Women Dress Like 'Whores' as Dan Levy Responds
Shane Gillis faces criticism over his SNL monologue as Dan Levy calls out misogyny and urges men to challenge the objectification of women
International Business Times UK
International Business Times UK
WWE Raw: The Bloodline's Family Reunion Takes a Dangerous Turn as Solo Sikoa Joins The Usos Against 946
Carmelo Hayes made a surprise appearance on WWE Raw, joining The 946 to attack Solo Sikoa and The Usos and end their six-man tag team match without a winner.
International Business Times UK
International Business Times UK
Tyson review – deeply icky … and that’s before Trump shows up
This peculiar – some would say truly irresponsible – hagiography of boxing superstar Mike Tyson veers from psychedelics and sobbing to the inadvisable face tattoo via a cameo from the US president
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play