AI Creates 'Generational Opportunity': Why Nvidia Analyst Says Stock Will Hit $190

Nvidia Corp. (NASDAQ:NVDA) continues to be Bank of America’s top stock pick within the artificial intelligence (AI) universe, with analyst Vivek Arya labeling the company as a “generational opportunity.”

On Thursday, the investment bank raised its price target for the company from $165 to $190. This implies a 40% upside compared to current market prices, on the heels of Nvidia's “dominant market position in AI chips” and future AI-driven growth.

Bank Of America Raises Earnings Estimates On Nvidia

Arya significantly boosted Nvidia’s earnings forecasts for 2025 and 2026 by 13% to 20%. He also highlighted the company’s “strong competitive lead” in the AI sector, controlling 80-85% of the market.

The analyst estimated that Nvidia could tap into a total addressable market (TAM) of over $400 billion by 2024. That’s four times larger than what was previously projected.

Several recent industry developments have also reinforced Bank of America's ...