Nvidia (NVDA) Price Target at $350 Highlights AI Chip Demand

Nvidia (NVDA) is currently trading around $215, with Bank of America setting a price target of $350 based on projected 85% revenue growth and 50-60% earnings growth. The company has $119 billion in supply commitments and has raised its dividend nearly 25 times. Additionally, AMD (AMD) is up 109% year-to-date due to strong demand for AI, while Broadcom (AVGO) reported $8.4 billion in AI semiconductor revenue, a 106% year-over-year increase. Analysts suggest that the semiconductor market may have shifted from cyclical to a more permanent structural demand driven by agentic AI applications.