In a recent report, Bank of America analysts raised the target price of NVIDIA stock from $165 to $190. This means that the stock can rise by 38% from the closing price of $138 last Friday. The analysts at Bank of America pointed out that the artificial intelligence market will experience exponential growth in the coming years. They stated that as this chip giant continues to consolidate its leading position in the market, it will bring "intergenerational opportunities" to NVIDIA. Analysts believe that by 2027, the artificial intelligence accelerator market will grow to $280 billion. Furthermore, over time, it is expected to further increase to over $400 billion, a significant increase from $45 billion in 2023. Bank of America predicts that as artificial intelligence models continue to grow rapidly - developers such as OpenAI, Google, and Meta will release several new large language models every year, the demand for computing will only increase