Despite the current narrative, one bullish Wall Street analyst just doubled their price target on the stock market darling.

Nvidia's (NVDA) remarkable artificial intelligence story keeps getting stronger, and Bank of America believes the chipmaker's best days may still lie ahead. Following the company's recent quarterly results,

Nvidia (NVDA) stock fell along with the broader market on Thursday, despite the chipmaker posting better-than-expected third quarter earnings and providing a strong outlook for the current quarter a day earlier.

See how Nvidia Corporation's rapid GPU advancements and strong data center growth could drive its market cap to $20T by 2030. Click for my NVDA Q3 earnings update.

Those worries have since disappeared, but in the coming weeks, Nvidia may be heading for another rough patch. In fact, my prediction is Nvidia stock is going to stall out on Nov. 20, following a key moment for the company. Let's take a closer look.

Remember, Nvidia now accounts for about 7.4% of the S&P 500. Options data implies a 7% move for the stock this afternoon, which would be a roughly $320 billion swing in market cap. Whether the stock rises or falls on earnings results, the entire index will rattle.

NVIDIA Corporation (NASDAQ: NVDA) is one of the stocks Jim Cramer offered insights on. Cramer praised the people who run the company and said:

Nvidia has a key partnership it just signed with OpenAI. The competition from its customers building their own chips is looming, but is not going to kill the business overnight, if ever. Nvidia's market cap will be determined by future spending on AI data ...

Adria Cimino has positions in Amazon and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

McGraw Hill MH vaulted nearly 5% and reached a record high on the stock market today. The education materials stock broke out of a deep cup base with a 17.25 buy point and is in the buy zone up to 18.11. The stock started trading on July 24 with an offer price of $17 a share.