By Bob Karr
Publication Date: 2026-05-17 16:38:00
NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 13, BofA lifted its price objective on the company’s stock to $320 from $300 and kept a “Buy” rating on the shares. Notably, the firm lifted its sales forecast for FY 2028 and 2029, which correspond to CY 2027 and 2028. It also lifted its EPS estimates for the same periods.
BofA noted some of the catalysts, which include its Q1 2027 earnings, the Computex tradeshow in early June, with the expectations of the new CPU launch, the Vera Rubin launch, and the potential of increased return of cash in H2. Furthermore, it also highlighted the continued rise in AI compute demand as well as NVIDIA Corporation (NASDAQ:NVDA)’s positioning with its breadth of portfolio that caters to every niche of the AI workload.
In a separate release, NVIDIA Corporation (NASDAQ:NVDA) and Corning made an announcement about the multiyear commercial and technology partnership. The focus is on expanding U.S.-based manufacturing of optical connectivity products utilised in the next-generation AI infrastructure.
NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer…