BofA raises NVIDIA target to $320, lifts AI data center TAM to $1.7T by 2030

Bank of America's Vivek Arya raised NVIDIA's price target to $320 and lifted the AI data center systems TAM to $1.7T by 2030, including $1.2T in AI accelerators. The note lands as NVIDIA stock rallied 4.5% to $236 (market cap $5.71T) into its May 20 Q1 FY27 earnings, with Polymarket pricing a 97% beat probability. Trump separately said China hasn't approved H200 imports.