NVIDIA (NVDA) Price Target Raised to $320 on $1.7 Trillion AI Forecast
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBank of America raised NVIDIA's (NVDA) price target from $300 to $320, citing a $1.7 trillion total addressable market forecast for AI data centers by 2030. The firm expects accelerating AI sales through 2026 and 2027, driven by new compute and memory architectures. NVIDIA's recent fiscal 2026 results showed revenue of $215.94 billion, up 66%, and net income of $120.07 billion. The stock currently trades at $226 with a P/E ratio of 45x and a consensus target of $269.17.
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About NVIDIA Corporation (NVDA)
Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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