NVIDIA Corporation's strong market position and positive outlook have been reinforced by BofA Global Research's reiteration of a "Buy" rating, with a price target of $190. The report highlights NVIDIA's anticipated growth in the data center market, projecting a 60% y/y increase in sales for CY25, despite potential challenges from the Blackwell product transition and geopolitical tensions. The company's strategic focus on AI and hardware-software co-optimization continues to drive investor confidence, with expectations of modest beats in sales guidance ahead of its FQ4 2025 earnings call. This optimism is further supported by NVIDIA's upcoming GPU Technology Conference, which is expected to showcase its innovations in AI and robotics.
The YieldMax NVDA Option Income Strategy ETF (NVDY) has responded positively to these developments, rising 2.40% to $18.76 as of 10:00 AM on Tuesday, February 4.