Reported about 17 hours ago
BofA has maintained a bullish outlook on Nvidia (NVDA) after the company announced a significant multi-year AI infrastructure project with the Saudi Arabian startup HUMAIN, expected to generate $3B to $5B annually. The bank has increased its price target for Nvidia's stock to $160 and emphasizes the importance of protecting technological advantages and preventing AI chip smuggling amid evolving U.S. export regulations.
Source: YAHOO