Bank of America maintains Buy rating on NVIDIA, projects more than $400 billion in free cash flow from 2026 to 2027

Bank of America discussed NVIDIA on April 27th while maintaining a Buy rating. The firm projects NVIDIA will generate more than $400 billion in free cash flow from 2026 to 2027.

BofA noted that NVIDIA trades at a 30% lower market capitalization to free cash flow multiple compared with Microsoft and Apple combined, despite the free cash flow estimate being lower than those two firms.

Jim Cramer made a sarcastic remark about NVIDIA's stock performance, saying 'Remember NVIDIA? people used to like that one,' in the context of discussing computer storage companies' technology versus NVIDIA's.