BofA Global Research: Cuts Nvidia price target from $350 to $280

BofA Global Research cut its price target on Nvidia (NVDA.O) to $280 from $350 on November 12, while Evercore ISI downgraded the stock to "in line" from "outperform" and slashed its target to $186 from $465. The moves mark a sharp reset in sell-side expectations for the AI chipmaker, with Evercore's new target implying far less upside than its prior view. Nvidia remains the bellwether for AI-related spending across semiconductors and data-center supply chains, so the revisions matter beyond the single stock. Investors will watch whether other brokerages follow with similar cuts and how Nvidia's next earnings and data-center guidance square with the more cautious targets.