Nvidia (NASDAQ:NVDA) shares surge following launch of new AI chips, BofA lifts price target

Nvidia Corporation (NASDAQ:NVDA) experienced a significant boost in its stock price on Monday, propelled by the company's announcement of innovative AI chips.

The news has ignited a wave of optimism among investors and market analysts.

In response to the announcement, Bank of America analysts have revised their price target for Nvidia, elevating it from $1,320 to $1,500.

This bullish adjustment reflects growing confidence in Nvidia's market position and its continued leadership in the AI technology sector.