- NVIDIA stock (NASDAQ: NVDA) opened Monday at $210 after a 4% gain on Friday, fueled by Wall Street’s surging AI spending.
- SK Hynix (SKHY) made a blockbuster Nasdaq debut on Friday, rising nearly 17% via American Depositary Receipts, signaling strong demand for semiconductors.
- Bank of America Securities analyst Vivek Arya reiterated a buy rating for NVDA with a $350 price target, implying a potential 68% return from current levels.
Nvidia stock (NASDAQ: NVDA) opened Monday’s trading session at $210, climbing more than 4% on Friday as Wall Street pours capital into the AI sector. The GPU maker moved from a day’s low of $202 to a high of $210, positioning itself for a rally.
The surge comes alongside the debut of SK Hynix (SKHY) on the Nasdaq, which jumped nearly 17% on Friday through its American Depositary Receipt listing. That blockbuster offering laid bare the market’s hunger for semiconductor stocks. Consequently, Bank of America Securities senior analyst Vivek Arya reiterated his buy rating for Nvidia in a client note dated July 10, 2026. He urged institutional funds to accumulate shares, citing the company’s AI focus and its critical role as a chip supplier.
Bank of America Securities’ price target for Nvidia stock is $350. That represents a profit of $140 per share from Friday’s entry at the $210 zone, translating to an ROI of approximately 68%. An investment of $1,000 could turn into $1,680 if the prediction holds. Meanwhile, the semiconductor industry is expanding rapidly, drawing both retail and institutional buyers. Stocks like Nvidia, SK Hynix, and Micron remain among the most sought-after equities in the broader U.S. market.
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