Bank of America Keeps Nvidia Buy with $350 Target After AI Announcements
BAC•Bank of America kept a Buy rating and $350 target on Nvidia after GTC Taipei introduced the five-rack Vera Rubin AI factory and Vera CPU, forecasting $20 billion in related sales in H2 fiscal 2027. Analysts highlighted RTX Spark’s AI PC roadmap targeting 25–30 million Windows units, lifting shares 6% to $225.
1. BoA Maintains Buy Rating and $350 Target
Bank of America analysts reaffirmed a Buy rating on Nvidia with a $350 price objective following Jensen Huang’s keynote at GTC Taipei, citing strengthened end-to-end AI infrastructure and anticipated margin accretion.
2. Vera Rubin AI Factory and CPU Growth
The five-rack Vera Rubin platform, featuring Nvidia’s new Vera CPU and networking technologies, is projected to generate about $20 billion in sales during the second half of fiscal 2027 and could support a run rate exceeding $50 billion by fiscal 2028.
3. RTX Spark Expands AI PCs
Nvidia unveiled RTX Spark, a co-developed AI chip for Windows PCs designed to run large models locally; analysts see it addressing the top 10% of the Windows market with 25–30 million units annually, expanding Nvidia’s endpoint device footprint.
