A BofA analyst sees room for Nvidia Corp. shares to tack on another 40% or so to their explosive rally, as a “generational opportunity” further unfolds. BofA’s Vivek Arya upped his price objective on Nvidia shares NVDA to $190 from $165 in a Thursday report, with that target implying 39% upside from Thursday’s close.

Key Takeaways Nvidia shares set yet another record high Thursday as concerns earlier this week about a softening in the semiconductor market was eased by TSMC's earnings report.The Taiwanese supplier of chips to Nvidia,

Shares of Intel fell Wednesday, but other chip stocks were showing some signs of recovery after the previous session’s big selloff. On Tuesday, a disappointing sales forecast from chip equipment manufacturer ASML had dragged down Nvidia and other chip stocks.