Bank of America: Reiterates Nvidia's "buy" rating, stock price has a chance to hit new highs

Odaily News Nvidia Corp (NVDA.O) should be able to weather headwinds such as the global trade war and has a chance to hit a record high, Bank of America said.
Bank of America analyst Vivek Arya said that although DeepSeek's large language model has raised questions about whether the technology industry needs to invest heavily in artificial intelligence development, Nvidia still occupies a favorable position. He pointed out that Meta and Microsoft recently announced their results without withdrawing their capital expenditure plans, indicating that Nvidia's sales will continue to grow strongly. Bank of America reiterated its "buy" rating on Nvidia and gave it a target price of $190. (Jinshi)