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David Stahl

For Nvidia, Gaming Trends Could Make 2018 Another Standout Year

NVIDIA Corporation NVDA, one of the hottest stocks of both 2016 and 2017, is showing no signs of slowing down heading into 2018 — which could prove to be a busy year for the gaming and emerging cryptocurrency markets, according to Bank of America.

The Analyst

Bank of America's Vivek Arya maintains a Buy rating on Nvidia's stock with an unchanged $210 price target.

The Thesis

The ongoing trends in the $9.7 billion graphics industry should be viewed as "mostly positive" for Nvidia, Arya said in a research report. Read more

The upside is limited. The price will go down as soon as it will  reach the upper edge of the rising channel.