According to CoinMeta, Bank of America reaffirmed NVIDIA ( NVDA ) as its preferred stock, maintaining a “buy” rating and a target price of $350. NVIDIA expects sales to grow by about 70% in the fiscal year 2028, far exceeding the market consensus of 45%, and demand still exceeds supply. Bank of America raised its expectations for future earnings per share, citing reasons including the rapid increase in Rubin chip production, growing revenue per gigawatt of AI, and strong long-term demand. The main concern is gross margin: as memory costs rise, gross margin may fall to between 72% and 73%.