Nvidia NVLink Fusion unveiling is ‘most impactful’ Computex announcement: BofA

Nvidia CEO Jensen Huang (NASDAQ:NVDA) made several announcements at the 2025 Computex conference, including a Taiwan supercomputer project. However, it’s the NVLink Fusion announcement that Bank of America said is likely to be the “most important.”

With the announcement of NVLink Fusion — described as a system that allows data centers to mix and match Nvidia GPUs with third-party CPUs or their own AI accelerators, it essentially expands Nvidia’s total addressable market — Bank of America analyst Vivek Arya said.

“With NVLInk Fusion, NVDA is able to provide its proprietary interconnect fabric (NVLink) and switch (Spectrum) to cloud service providers for use as chiplet in systems with (modified) third-party ASICs (from partners MRVL, Alchip, Astera, Synopsys, Cadence – interesting not Broadcom) or extend integration of NVDA GPU with other ARM-based CPU (Qualcomm, Fujitsu),” Arya wrote in a note to clients. He reiterated his Buy rating and $160 price target on the stock.

Nvidia made several other important announcements, including the expansion of its portfolio, with a “broad set” of AI products across various industries — cloud, enterprise, gaming, robots and more — all of which could be important to the “multi Trillion $ AI factory” industry, Arya added.

It’s also significant to note that the rack-scale GB200 NVL 72 Blackwell Systems are now in full production, and the RTX Pro enterprise server is bringing AI to the enterprise and increasing the competition for x86 architecture, Arya added.

And lastly, the build out of sovereign AI, as evidenced by the recent Middle East deals, should provide benefits in the long-term, Arya explained.