Nvidia investors are advised to watch the key date of May 15, when new AI chip rules will be rolled out.
Bank of America believes that the day, known as 'Liberation Day', could be a catalyst for Nvidia stock amid wider geopolitical concerns.
The US government's AI Diffusion Rule could potentially have a negative impact on some sales of Nvidia's chips, but recovery is expected once the impact is reflected in the stock.
Bank of America reinstates its 'Buy' rating on Nvidia with a price target of $200 a share, implying a 75% upside from current levels.