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BofA Highlights NVIDIA’s (NVDA) AI Chip Leadership and Pipeline
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NVIDIA Corporation (NASDAQ:NVDA) ranks among the best FAANG+ stocks to invest in right now. On March 9, BofA Securities restated its Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and set a $300 price target ahead of the company’s GTC conference. The firm identified three areas of concentration for the March 16 keynote. These include a redesigned product pipeline using Feynman GPUs, planned for 2028; an updated line of co-designed, diversified products; and patented optics that are being ramped up. The firm isn’t expecting an official 2027-28 sales forecast, although any information regarding the Rubin increase for calendar years 2027-28 might potentially be relevant. Rubin is NVIDIA’s next-generation data center architecture and is likely to follow the Blackwell systems currently being deployed in AI clusters. The event may also highlight NVIDIA’s efforts to integrate GPUs with quantum computing platforms, using technologies such as NVQLink and CUDA Q. NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor company. It designs and develops graphics processing units and related technologies used in gaming, data centers, artificial intelligence, and autonomous systems. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Follow Insider Monkey on Google News.