Nvidia Maintains Top Pick Status as Analysts Highlight Growth Potential

Bank of America reaffirms Nvidia as a leading AI chipmaker, citing strong growth projections and resilience against competitors.

Bank of America analysts reaffirm Nvidia as their top pick in the semiconductor sector, with a price target of $190, representing a 60% upside.
Analysts expect Nvidia's upcoming February 26 earnings call to address key growth drivers, including its Blackwell product transition and data center sales growth exceeding 60% year-over-year in fiscal 2026.
Despite competition from DeepSeek and other AI chipmakers, Nvidia's major customers like Microsoft and Meta have not reduced spending on its GPUs.
Nvidia's leadership in AI computing remains strong, supported by its co-optimization of hardware and software, and a projected $500 billion total addressable market by 2028-2029.
The company's upcoming GTC Conference in March is anticipated to generate excitement around its product pipeline, including advancements in physical AI and robotics.