top of page

Nvidia: BofA Raises Price Target Following New AI Chip Announcement

Shares of Nvidia (NVDA) surged on Monday after the company unveiled its latest AI chips, generating excitement among investors and analysts. Bank of America responded to the announcement by raising its price target for Nvidia to $1,500, up from the previous target of $1,320, reflecting increased confidence in the chipmaker's growth prospects.

Yahoo Finance's Seana Smith and Madison Mills discuss the details, highlighting the growing competition as AMD (AMD) also introduced its own AI chip. This development underscores the intensifying battle in the AI chip market, with Nvidia and AMD vying for dominance.

Join the ZTRADEZ Discord server to connect with experienced traders, gain access to exclusive market insights, and enhance your trading strategies. Visit to discover the full range of benefits and resources available.

Disclaimer: This content is for informational purposes only and is not financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.

95 views0 comments


bottom of page