Nvidia's rise to a $3 trillion company has prompted debate over its ability to sustain growth amid a surging AI market, making investors hesitant.
Bank of America analysts have reiterated a buy rating on Nvidia with a raised price target of $190, signaling a potential 38% rise from current levels.
They characterized Nvidia as a 'generational opportunity' with an estimated market for AI accelerators exceeding $400 billion, driven by increasing demands for AI models.
CEO Jensen Huang emphasized unparalleled demand for their new generation Blackwell chip, highlighting a strong market interest reflective of broader industry trends.
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