Nvidia Price Target Raised to $1100 on AI and Computing Growth Potential

Bank of America analyst raises Nvidia's price target to $1100 based on AI and computing growth opportunities
Nvidia's GPU Technology Conference starting March 18 expected to highlight AI, omniverse, and accelerator market expansion
Questions remain around energy demands of AI computing, competition from other chips, and impact of China restrictions
Multi-billion dollar growth opportunities seen in smaller webscalers and sovereign nation AI investments
Wall Street overwhelmingly bullish on Nvidia with 39 out of 41 analysts rating it a Buy or Strong Buy