Bank of America reaffirms a $350 target for Nvidia, citing potential catalysts from upcoming disclosures on off-balance-sheet commitments and free cash flow returns to shareholders. The company is expected to generate about $470 billion in free cash flow in 2026-27, emphasizing strong future growth prospects.
My positions in NVDA pre-earnings:
1 NVDA 08/28/2026 175/180 Bull Put Spread
1 NVDA 08/28/2026 185/187.5 Bull Put Spread
1 NVDA 08/28/2026 180/185 Bull Put Spread (different account)