NVIDIA Corporation's stock is experiencing upward momentum as BofA Global Research reaffirms its "Buy" rating, setting a price target of $190. The optimism stems from NVIDIA's strong fundamentals and anticipated performance in its upcoming FQ4 2025 earnings call. BofA's report highlights NVIDIA's robust position in the data center market, projecting a 60% y/y growth in data center sales for CY25. Despite potential challenges such as lower gross margins due to product transitions and geopolitical headwinds, the company's strategic advantages in software and hardware co-optimization are expected to drive continued growth. The upcoming GPU Technology Conference is also likely to enhance investor confidence, focusing on NVIDIA's innovations in AI and robotics.
The Graniteshares 2x Short NVDA Daily ETF (NVD) has seen a decline, dropping 4.54% to $32.61 as of 10:00 AM on Tuesday, February 4.