TechFlow reports, according to Chaoxiang Research, BofA's July 7 research report reiterates NVIDIA buy rating, target price $350, current $195.55, upside potential 79%. NVIDIA is currently trading at 15.7x expected 2027 P/E, the lowest in seven years, at a 30-35% discount to tech peers. BofA believes the market has overestimated risks such as HBM cost pressure and custom ASIC competition. Vera Rubin inference performance per watt is 10x higher than Blackwell, gross margin is expected to remain at 75%. NVIDIA's sales to hyperscale customers increased 115% year-over-year, nearly twice the growth rate of cloud capex. Crowded positions and $65 billion ecosystem investment are risks but have been priced in.
Add to Favorites
Share to Social Media
