Nvidia’s price target rises 63% to $350 as agentic AI drives unprecedented semiconductor demand and earnings growth.
Bank of America raised its Nvidia price target to $350 from around $215, citing 85% revenue growth and 50-60% earnings expansion. The firm highlighted $119 billion in supply commitments and a 25x dividend increase as key drivers.
Nvidia’s current valuation trails consensus estimates, with peers like AMD and Broadcom reporting strong AI-driven gains. Broadcom’s AI semiconductor revenue surged 106% year-over-year to $8.4 billion, while Lam Research posted record $5.84 billion revenue.
Analysts describe the shift from chatbots to agentic AI as a structural change, creating permanent demand for higher semiconductor capacity and pricing.