Nvidia (NVDA) Weakness Seen as Buying Opportunity, Analyst Says

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Gaining Attention on Wall Street. On February 2, Bank of America reiterated the stock as “Buy” with a $275 price target. The firm said that investors should buy any weakness in shares. “Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming ma ...