NVIDIA Corporation's stock is experiencing upward momentum following BofA Global Research's reaffirmation of its "Buy" rating and a price target of $190. The positive sentiment is driven by expectations of strong performance in the upcoming FQ4 2025 earnings call, with anticipated sales guidance beats despite potential margin pressures from the Blackwell product transition and China restrictions. NVIDIA's robust position in the data center market, projected to grow 60% y/y, and its competitive edge in software and hardware co-optimization are key factors contributing to investor confidence. The company's strategic focus on AI advancements and its upcoming GPU Technology Conference are also expected to enhance its market position.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has seen a decline, dropping 5.04% to $3.58 as of 10:00 AM on Tuesday, February 4.