Analysts at Bank of America (BAC) have raised their price target on Nvidia (NVDA), highlighting continued confidence in the semiconductor giant’s AI growth potential. The company has raised its target from $165 to $190 per share, with analyst Vivek Arya citing Nvidia’s position at the forefront of the “generational opportunities” ahead.

This upward revision comes as Nvidia prepares to report third-quarter earnings results on November 19, 2024.

Watch Bank of America’s Vivek Arya – the analyst behind the call – talk more about this with Yahoo Finance Editor-in-Chief Brian Sozzi during this morning’s opening bid.

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This post was written by Angel Smith