Bank of America Securities Reiterated a Buy Rating on NVIDIA (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the Good Stocks to Invest in Now. On August 4, Vivek Arya from Bank of America Securities reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $220.

The reiterated bullish sentiment comes as the company announced the date for its fiscal second-quarter results for 2026. The company is set to announce its results on August 27. During the fiscal first quarter of 2026, NVIDIA Corporation (NASDAQ:NVDA) delivered $44.1 billion in revenue, up 69% year-over-year. The Data Center revenue alone contributed $39.1 billion, up 73% during the same time.

Looking ahead, management is expecting the second quarter revenue to be around $45 billion. The conservative outlook reflects a loss in H20 revenue of approximately $8.0 billion due to the recent export control limitations.

NVIDIA Corporation (NASDAQ:NVDA) is a leading technology company specializing in graphics processing units and accelerated computing platforms.

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Disclosure: None. This article is originally published at Insider Monkey.