Bank of America has firmly reiterated its "Buy" rating on Nvidia Corp.
(NASDAQ:NVDA), maintaining a bullish $350 price target that signals a staggering 78% upside potential from its current $195.55 trading price.
Analysts argue that prevailing Wall Street anxieties have created an irrational disconnect, leaving the artificial intelligence chip giant's compounding structural advantages completely "unappreciated" by the broader market.
Valuation Hits Historic Disconnection According to the BofA Global Research report, NVDA is currently trading at a "7-yr low 18x forward PE," representing a massive 30% to 35% valuation discount compared to its mega-cap technology peers.
BofA strongly pushes back against recent market fears regarding imminent gross margin compression driven by rising high-bandwidth memory input costs.
