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Nvidia’s (NVDA) stock is once again experiencing a monster run, being up about 13% in October alone. The advance has taken the year-to-date appreciation for the market darling to an astounding 180%. Underneath the surface, excitement continues to build on Wall Street about Nvidia’s new AI chip dubbed Blackwell. Sector analysts are chattering about a big positive fourth quarter surprise amid the initial rush of Blackwell demand. The chorus is growing that the fourth quarter will be the start of another impressive twelve-month period for Nvidia as Blackwell production ramps. With new large-language models being developed rapidly, many investors are bullish on Nvidia.
One of the more upbeat analysts on the Street is Bank of America’s Vivek Arya. Fresh off a notable price target hike on the stock, Arya joins Yahoo Finance executive editor Brian Sozzi to break down his analysis. Arya thinks Nvidia’s stock remains undervalued, laying out a compelling bull case to Sozzi.
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