Bank of America recently raised its price target for **Nvidia (NVDA)** stock to **$1,500** per share. This implies about **37%** upside from Friday's closing price of **$1,095.45**. The increase in the price target follows Nvidia's announcement of its next-gen AI chip called "Rubin," which focuses on artificial intelligence applications. The company's accelerated pace of AI chip advancement likely contributed to this optimistic outlook.
Notably, other analysts have also raised their price targets for NVDA stock, with Goldman Sachs and KeyCorp offering positive projections.
Keep in mind that stock prices can be volatile, so it's essential to stay informed about any further developments. 🚀
Notably, other analysts have also raised their price targets for NVDA stock, with Goldman Sachs and KeyCorp offering positive projections.
Keep in mind that stock prices can be volatile, so it's essential to stay informed about any further developments. 🚀
