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

Bank of America raised its terms people connected NVIDIA (NASDAQ:NVDA) to $320 from $300 connected Wednesday, reiterating its Buy standing aft lifting its calendar twelvemonth 2030 AI information halfway systems full addressable marketplace forecast to astir $1.7 trillion from $1.4 trillion previously. The steadfast sees 2026 arsenic a twelvemonth of accelerating AI income and returns connected investment, with 2027 driven by improving tokenomics arsenic caller compute and representation architectures ramp.

For prudent investors, the telephone frames NVIDIA banal arsenic the pb beneficiary of a larger, longer AI infrastructure cycle. The upgrade reflects increasing assurance that hyperscaler capex volition proceed scaling done the decade.

The Analyst's Case

The defining fig successful Bank of America's enactment is the upgraded $1.7 trillion 2030 AI information halfway TAM. As the ascendant supplier of AI accelerators, NVIDIA is positioned to seizure the largest stock of that incremental accidental crossed hyperscaler and endeavor buildouts.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks. Get them present FREE.

The firm's tokenomics thesis is arsenic important. As inference workloads scale, little outgo per token expands accessibility and compounds demand, a flywheel that NVIDIA's Blackwell ramp and Vera Rubin roadmap are designed to power.

Company Snapshot

NVIDIA closed fiscal 2026 with gross of $215.94 billion, up 66%, and nett income of $120.07 billion. Data Center gross reached $62.31 cardinal successful Q4 FY2026 alone, up 75% twelvemonth implicit twelvemonth (YoY), with networking up 263% YoY.

NVIDIA CEO Jensen Huang stated that "Computing request is increasing exponentially, the agentic AI inflection constituent has arrived," portion guiding Q1 FY2027 gross to astir $78 billion. The outlook explicitly excludes immoderate Data Center compute gross from China.

Why the Move Matters Now

NVIDIA banal trades astatine $226 with a marketplace headdress of $5.46 trillion and a P/E ratio of 45x. The Wall Street statement people sits astatine $269.17, with 57 Buy ratings against conscionable 3 Hold oregon Sell calls.