Three top Wall Street analysts stay bullish on Nvidia stock. Here’s why

Chip giant Nvidia (NVDA) is considered to be one of the key beneficiaries of the artificial intelligence boom, thanks to robust demand for its advanced graphics processing units (GPUs).

The stock has been under pressure recently due to concerns about valuations of AI plays and growing competition in the AI chip space from rivals like Broadcom (AVGO), Advanced Micro Devices (AMD) and Alphabet-owned Google’s tensor processing units (TPUs). Nvidia is also facing uncertainty related to chip exports to China amid geopolitical tensions between Washington and Beijing.

Despite ongoing pressures, several top analysts remain bullish on Nvidia for several reasons, including its solid track record, strong execution, continued innovation and dominant position in the AI GPU market. TipRanks’ AI Analyst also has an “outperform” rating on NVDA stock with a price target of $205.

Let’s look at the views of three such Wall Street pros who are bullish on Nvidia’s growth potential.

Following a virtual meeting with Nvidia’s vice president of investor relations, Toshiya Hari, Bank of America analyst Vivek Arya reiterated a buy rating on NVDA stock with a price forecast of $275, saying that he continues to view it as a top pick.

Among the key takeaways, Arya mentioned that while Nvidia agrees that Gemini 3 is a top large language model (LLM) that is trained on Google’s in-house TPU, the company contends that it is too early to…