NVIDIA's AI dominance is solid, with Bank of America optimistic that the stock price could rise another 40%
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Bank of America reiterated its "buy" rating on NVIDIA and raised its target price from $165 to $190, expecting the stock price to rise by nearly 40%. Analysts pointed out that NVIDIA holds 80%-85% market share in the $400 billion market and the earnings per share expectations for the next few years have also been raised. NVIDIA's free cash flow profit margin is as high as 45%-50%, with an expected cash flow of over $200 billion in the next two years. The stock has risen by 177% year to date
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