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Barchart
Barchart
Sristi Suman Jayaswal

Bank of America Says Nvidia Is Still the Top AI Compute Stock to Buy Despite YTD Underperformance. Here’s Why.

Nvidia Corporation (NVDA) has become the face of the artificial intelligence (AI) boom. The Silicon Valley chipmaker evolved from powering video games to driving the world’s biggest AI models, with nearly every tech giant building AI infrastructure now relying on its chips. Its latest fiscal 2027 Q1 results once again showed proof. The company delivered another blockbuster report, with explosive revenue growth and soaring profits as demand for AI chips stayed incredibly strong.

But instead of rallying, the stock slipped after earnings.

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