NVDA → $350.00 by Jul 10, 2027.

BofA just put out a note saying the market is basically pricing in a 30-35% earnings hit for Nvidia that they think is way too pessimistic. The valuation math is kind of wild when you look at it. $NVDA is trading at 15.7x CY2027 earnings. Mega-cap peers like Apple, Microsoft, Meta are averaging 22.3x. So either those are overvalued or NVDA is being punished for risks that may never fully materialize. On the HBM cost concern, BofA's take is that …