Bank of America: NVIDIA's stock price decline is an opportunity to buy, target stock price is $150

$Bank of America (BAC.US)$ is $NVIDIA (NVDA.US)$ A report stating that financial results will be announced on 8/28 has been announced, and the “buy” rating has been maintained. Regarding reports that NVIDIA's next-generation chip Blackwell has been delayed, the bank pointed out that Blackwell was not included in the forecast until the fourth quarter, there was no sign of delay at the company's recent SIGGRAPH conference, and combined with the fact that major cloud customers and major supplier TSMC did not mention delays, Blackwell will not be included in the forecast until the fourth quarter. Meanwhile, while NVIDIA is extending the life cycle of the current generation Hopper, there is also a possibility that a less complicated version of the Blackwell chip will be released as a first aid measure. The bank believed that the decline in NVIDIA's stock price was buying material, that the issue was supply rather than demand, and that it would not fundamentally damage the long-term momentum of stock prices, and set the target stock price at 150 dollars.