Market heavyweight Nvidia (NVDA) delivered blockbuster results in Q4 of its fiscal year ended January 2025, which saw revenue soar to a record $39.3 billion.

Labeling NVDA stock a “top pick on AI dominance,” Bank of America increased its price target on the shares to $200 from $190. The bank believes that the chip maker’s data center business, whose revenue reached record levels in Q4, can benefit from ” strong, long-term demand dynamics.”

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 6.9% in the afternoon session after the company reported Q4 2024 earnings: Additionally, concerns about the company's performance in China may be weighing on sentiment.