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Bank of America is urging investors to stay the course with Nvidia (NVDA), even as shares inch lower following the artificial intelligence (AI) darling’s annual GTC conference. In a research note dated March 18, analyst Vivek Arya maintained his “Buy” rating and a $300 price target on the chipmaker, indicating potential upside of more than 65% from here.
While Nvidia stock is already up nearly 90% versus its 52-week low, Arya believes the market is still underestimating the sheer scale of the AI infrastructure cycle ahead.