According to Bank of America, NVIDIA’s stock has significant upside potential driven by the surging demand for its artificial intelligence (AI) chips. The analysts at BofA raised their price target for NVIDIA to $575, implying a 25% upside from current levels. They cited the company’s leadership in AI computing and the growing adoption of AI across various industries as key factors. NVIDIA’s data center segment, which includes AI chips, is expected to see robust growth, with BofA projecting a 35% compound annual growth rate through 2024. The analysts believe NVIDIA’s AI capabilities give it a competitive edge, and the company is well-positioned to capitalize on the AI boom. However, they also cautioned about potential risks, such as increased competition and supply chain challenges. Overall, BofA remains bullish on NVIDIA’s prospects, driven by the insatiable demand for AI chips and the company’s technological prowess in this field.