Nvidia Soars as BofA Sees Price Target Hike
Nvidia's stock has cleared its multi-week range and is being viewed favorably by Bank of America's global research team.
The firm sees a path towards $260-$263 for the semiconductor leader, which currently trades around $217. This represents a gain of 14.6% year to date.
Bank of America views Nvidia as a strong performer amid strengthening technical momentum.