BMO Capital Pumps Up Nvidia with Outperform Rating

Nvidia's AI leadership has earned it an 'outperform' rating from BMO Capital, which also set a price target of $340. The firm cited Nvidia's position as a leader in complete AI systems, supported by its fully integrated technology stack.

The company designs AI accelerators and builds full-rack AI systems for hyperscalers and cloud service providers, and has made several strategic investments across leading AI companies.

BMO Capital also noted that demand remains robust, with much of Nvidia's capacity sold out for the next 12-plus months. The firm praised Nvidia's strong financial profile, supported by healthy margins and cash flow generation.