Bank of America (BAC) analysts have raised their price target on Nvidia (NVDA), emphasizing continued confidence in the semiconductor giant's AI growth potential. The firm has increased its target from $165 to $190 per share, with analyst Vivek Arya citing Nvidia's position at the forefront of the "generational opportunity" that lies ahead.

This upward revision comes as Nvidia prepares to release its third quarter earnings results on November 19, 2024.

Watch Bank of America's Vivek Arya — the analyst behind the call — talk more about this with Yahoo Finance executive editor Brian Sozzi on this morning's Opening Bid.

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This post was written by Angel Smith