Bank of America: Reiterates "Buy" rating on Nvidia, stock price has the opportunity to hit new highs again

ChainCatcher news, Bank of America stated that Nvidia (NVDA.O) should be able to cope with adverse factors such as the global trade war, and the stock price has a chance to reach an all-time high.

Bank of America analyst Vivek Arya noted that although the DeepSeek large language model has raised market doubts about the necessity for the tech industry to invest heavily in AI development, Nvidia still holds a favorable position.

He pointed out that both Meta and Microsoft recently announced earnings without retracting their capital expenditure plans, indicating that Nvidia's sales will continue to grow strongly. Bank of America reiterated its "buy" rating on Nvidia and set a target price of $190.