Quick Read – Bank of America raised its price target on NVIDIA (NVDA) stock to $320 from $300, citing a $1.7 trillion 2030 AI data center TAM and accelerating AI sales through 2026-2027. – Bank of America’s upgrade reflects confidence that NVIDIA’s Blackwell architecture and…
ra Rubin roadmap will power a flywheel where improving tokenomics and lower inference costs expand accessibility and compound AI demand across hyperscaler and enterprise deployments. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE
Bank of America raised its price target on NVIDIA (NASDAQ:NVDA) to $320 from $300 on Wednesday, reiterating its Buy rating after lifting its calendar year 2030 AI data center systems total addressable market forecast to roughly $1.7 trillion from $1.4 trillion previously. The firm sees 2026 as a year of accelerating AI sales and returns on investment, with 2027 driven by improving tokenomics as new compute and memory architectures ramp. For prudent investors, the call frames NVIDIA stock as the lead beneficiary of a larger, longer AI infrastructure cycle.
The upgrade reflects growing confidence that hyperscaler capex will continue scaling through the decade. The Analyst’s Case The defining number in Bank of America’s note is the upgraded $1.7 trillion 2030 AI data center TAM. As the dominant supplier of AI accelerators, NVIDIA is positioned to capture the largest share of that incremental opportunity across hyperscaler and enterprise buildouts.