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Benzinga
Benzinga
Business
Piero Cingari

Nvidia Stock Is On Fire—Here's Why It Could Surge 30% More

Startups Fill Nvidia Gap

Nvidia Corp. (NASDAQ:NVDA) just made history on Wednesday by becoming the world's first $5 trillion company—but according to Bank of America, the AI chip powerhouse still has plenty of fuel left in the tank.

In a note shared Wednesday, the analyst Vivek Arya raised Nvidia’s 12-month price objective from $235 to $275, implying 31% upside from current levels, citing a "very positive meeting" during the GTC event in Washington, D.C.

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