Nvidia Reports Record Revenue but Stock Falls; BofA Recommends Buying the Dip
Despite reporting record revenue in Q1 2026 with $81.6 billion, up 85% year-over-year and surpassing analyst expectations by $2.5 billion, Nvidia's stock declined following its earnings report for a third time out of four recently. Bank of America reiterated a 'Buy' rating on the stock, raising their price target to $350 from $320.
Topics: Analyst Rating Earnings Stock Movement