Nvidia (NVDA) shares rose as much as nearly 3% on Wednesday morning, making it the first company ever to hit a market capitalization of $5.5 trillion. BofA remains bullish on Nvidia with a ‘Buy’ rating and a price target of $320, implying an upside potential of nearly 45%. BofA raised its calendar-year 2030 AI data center systems total addressable market outlook to $1.7 trillion from $1.4 trillion, stating that 2026 will continue to be a year of accelerating AI sales. The commentary comes ahead of the Trump-Xi summit today and first-quarter earnings next week. Nvidia is expected to report revenue of $78.98 billion and adjusted profit of $1.78 per share for the first quarter. On Stocktwits, retail sentiment turned ‘extremely bullish’ from ‘bullish’ amid ‘high’ message volumes. NVDA stock has gained more than 21% so far this year and more than 84% over the past 12 months.