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Mark Your Calendars: May 15 Could Shape Nvidia's Future

Amos Simanungkalit · 28 Mar76.9K 견해

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Strategists at a bank are closely monitoring May 15, the date the US government will introduce the AI Diffusion Rule, a regulatory framework aimed at limiting foreign access to advanced US-made chips.

These new rules could impose restrictions on certain Nvidia chip sales, potentially narrowing its market. However, the event could also be beneficial for Nvidia’s stock. According to the bank, once geopolitical concerns are addressed and priced in, Nvidia could recover from its recent downturn. "There are a wide range of possible outcomes, and NVDA stock could remain volatile until May 15, aka 'Liberation Day,' when the impact may become clearer," strategists noted.

The bank also pointed to several potential catalysts for Nvidia’s stock growth. These include a recovery in GM, which recently partnered with Nvidia, and the release of Nvidia's new Blackwell Ultra chip. Nvidia’s CEO, Jensen Huang, mentioned that demand for their existing Blackwell chip has been “extraordinary.”

“We believe the stock is presenting an attractive opportunity for one of the most unique, high-quality tech companies at the forefront of the largest and fastest-growing trends,” the bank added.

Bank of America reaffirmed its "Buy" rating for Nvidia, with a price target of $200 per share, which suggests a 75% upside from its current price. The stock was trading around $113 on Thursday, down 18% year-to-date.

After two years of strong growth, Nvidia stock has lost momentum this year, partly due to concerns about US AI dominance, tariffs, and economic uncertainties.

Earlier this month, all eyes were on Nvidia’s GPU Tech Conference, referred to as the “Super Bowl of AI,” where Huang provided updates on the company's upcoming projects and outlook.

Shares took a hit this week following news that Nvidia might lose business in China due to new energy-efficiency regulations, which could restrict sales of certain chips. The stock dropped as much as 5% on Wednesday and declined an additional 1% on Thursday.