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*Walter Bloomberg
@DeItaone
$NVDA$NVDA $NVDA - NVIDIA: BOFA SEES MAJOR AI UPSIDE BofA reiterates NVIDIA as a Top Pick, maintaining its Buy rating and $350 price target. NVIDIA now expects ~70% FY28 sales growth, far above the 45% consensus, with demand still exceeding supply. BofA raised future EPS estimates, citing Rubin’s rapid ramp, expanding AI revenue per GW, and strong long-term demand. Main pressure: gross margins could fall to 72–73% as memory costs rise.
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