BofA Reiterates Buy Rating on NVIDIA Corporation, Keeps PT at $235

Core Viewpoint - NVIDIA Corporation is recognized as one of the top AI stocks to buy, with a strong endorsement from BofA maintaining a Buy rating and a price target of $235 [1][3]. Investment and Financial Outlook - BofA's analyst Vivek Arya highlighted NVIDIA's plan to invest $100 billion in OpenAI, projecting a potential return of $300 to $500 billion in revenue over time, which positions NVIDIA as a strategic partner in the AI sector [2]. - The company's strong free cash flow margins and significant investments in the AI ecosystem are expected to expand its addressable market and enhance product development, contributing to growth prospects [3]. Competitive Positioning - NVIDIA is positioned as a full-stack computing infrastructure company, central to the AI era, with its Compute & Networking segment providing essential data center solutions driven by AI technologies [4]. - The investment in OpenAI is seen as a move to strengthen NVIDIA's competitive advantage over peers like Broadcom and AMD [2].