Bank of America Maintains Buy Rating on Nvidia Corp. (NVDA)

Bank of America Maintains Buy Rating on Nvidia Corp. (NVDA)

By Catherine Talavera
Publication Date: 2026-05-01 14:37:00

NVIDIA Corp. (NASDAQ:NVDA) is one of the 10 Best AI Stocks to Watch in May. NVIDIA Corp. The stock posted an 83.23% gain for the past year, while it registered a 5.68% year-to-date growth. On April 28, Bank of America Securities analyst Vivek Arya maintained a Buy rating on Nvidia, according to a report by TipRanks.

According to 70 analyst ratings compiled by CNN, 91% gave Nvidia a Buy rating, while 7% gave it a Hold rating. NVIDIA has an average price target of $267.50, a 34.04% upside from the current price of $199.57.

How NVIDIA’s Nemotron 3 Super Targets the Cost Problem in Agentic AI

On April 14, NVIDIA announced the world’s first family of open-source quantum AI models, NVIDIA Ising, designed to help researchers and enterprises build quantum processors capable of running useful applications. NVIDIA said Ising models run the world’s best quantum processor calibration and enable researchers to tackle much larger, more complex problems with quantum computers by delivering up to 2.5x faster performance and 3x higher accuracy for the decoding process needed for quantum error correction.

NVIDIA earlier reported that fourth-quarter data center revenue grew to $62.3 billion, a 75 percent increase from a year ago, driven by major platform shifts toward accelerated computing and AI. Full-year data revenue rose 68 percent to a record $193.7 billion.

“Computing demand is growing exponentially — the agentic AI inflection point has arrived. Grace…