BofA Hikes NVIDIA Price Target to $320 on Massive $1.7 Trillion AI Data Center Forecast

Bank of America raised its NVIDIA price target to $320 from $300 and reiterated a Buy rating, citing a larger calendar 2030 AI data center systems TAM of roughly $1.7 trillion versus $1.4 trillion previously. The revision signals stronger long-term AI demand expectations and supports a more constructive valuation outlook for NVDA.

Analysis

Bank of America raised its NVIDIA price target to $320 from $300 and reiterated a Buy rating, citing a larger calendar 2030 AI data center systems TAM of roughly $1.7 trillion versus $1.4 trillion previously. The revision signals stronger long-term AI demand expectations and supports a more constructive valuation outlook for NVDA.