Bank of America believes that despite Nvidia's staggering 170% rally this year, the stock still offers a compelling valuation due to its software offerings driving growth. Investors are advised to view any decline in stock as a buying opportunity. Reasons to remain bullish on Nvidia include the company's potential to capitalize on a $300 billion opportunity with its GenAI hardware deployments, the introduction of next-gen purpose-built Blackwell AI accelerator systems, and the ongoing demand for on-premise enterprise AI. Furthermore, Nvidia's potential to create a significant recurring revenue stream from its CUDA software is seen as a catalyst for future growth. Bank of America analyst Vivek Arya maintains a positive outlook on Nvidia stock, reiterating a "Buy" rating and a $150 price target, representing a 12% upside from current levels.