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Nvidia Tops BMO's Chip List With $340 Price Target

Guavy AI Editorial Team Published August 21, 2026

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NVDA

Nvidia has been named as BMO's top chip pick, with a price target of $340 and an Outperform rating.

The bank cited Nvidia's next-generation AI platform, Vera Rubin NVL72, which is expected to enter production in the second half of 2026.

BMO believes that this new platform will drive growth in Nvidia's data-center business and has set a valuation multiple of 18 times forward earnings.

The bank forecasts revenue growth of 84% in fiscal 2027 and 50% in fiscal 2028, with Nvidia valued at roughly $340 per share.

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