Bank of America Securities Reiterated a Buy Rating on NVIDIA (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the Good Stocks to Invest in Now. On August 4, Vivek Arya from Bank of America Securities reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $220.

The reiterated bullish sentiment comes as the company announced the date for its fiscal second-quarter results for 2026. The company is set to announce its results on August 27. During the fiscal first quarter of 2026, NVIDIA Corporation (NASDAQ:NVDA) delivered $44.1 billion in revenue, up 69% year-over-year. The Data Center revenue alone contributed $39.1 billion, up 73% during the same time.

Bank of America Securities Reiterated a Buy Rating on NVIDIA (NVDA)

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

Looking ahead, management is expecting the second quarter revenue to be around $45 billion. The conservative outlook reflects a loss in H20 revenue of approximately $8.0 billion due to the recent export control limitations.

NVIDIA Corporation (NASDAQ:NVDA) is a leading technology company specializing in graphics processing units and accelerated computing platforms.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.