Labeling NVDA stock a “top pick on AI dominance,” Bank of America increased its price target on the shares to $200 from $190. The bank believes that the chip maker’s data center business, whose revenue reached record levels in Q4, can benefit from ” strong, long-term demand dynamics.”

NVIDIA (NVDA) chimed in with its quarterly earnings report on Wednesday. Among the numbers put out, the tech company touted a gross margin figure of 73 percent. That's down from the 76 percent reported in 2024, but is still a high figure.