BofA reiterates NVIDIA Buy rating, cites strong AI demand and Rubin architecture ramp

Bank of America maintains a $350 price target on NVIDIA, citing demand that continues to outpace supply and an accelerated rollout of the Rubin architecture. While analysts raised EPS estimates, they noted potential gross margin compression to 72-73% due to rising memory costs. The report highlights a significant divergence between NVIDIA's internal growth projections and current market consensus.