BofA raised the firm’s price target on Nvidia (NVDA) to $200 from $190 and keeps a Buy rating on the shares after the company reported 78% year-over-year sales growth in Q4 despite headwinds that include DeepSeek, the Blackwell transition and China restrictions. Q4 included nearly $11B of Blackwell sales, well above the $4B-$7B expectations, providing reassurance the product is on track, the analyst tells investors. The firm, which raise estimates on stronger sales, partially offset by Blackwell ramp costs, reiterates Nvidia as a top pick as it says the company “remains in a dominant position of leading the AI market.”
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