Here’s the case for Nvidia’s stock to climb 55% from here, according to BofA
An analyst is looking past financing risks and noting that Nvidia could appeal to investors through its enhanced share buybacks.
Nvidia disclosed owning 122.8 million Class A shares of SpaceX in an August 14, 2026, filing with the Securities and Exchange Commission. The position was worth approximately $21 billion at SpaceX's June 30 closing price of $170.86 per share, making it Nvidia's second-largest disclosed equity holding behind Intel. This significant investment represents more than 80% of Nvidia's total disclosed equity portfolio.
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Also reported by 2 other outlets
- Here’s the case for Nvidia’s stock to climb 55% from here, according to BofA marketwatch.com
- Nvidia just took a very serious step on SpaceX stock finance.yahoo.com
