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Why May 15 is a key date to watch for Nvidia stock

  • 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.

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