Nvidia stock is still a 'top pick' at Bank of America even after its stunning AI-driven 209% rally

• Nvidia is still a "top pick" stock at Bank of America, even after its AI-driven year-to-date rally of 209%.
• The bank said Nvidia's upcoming 2nd-quarter earnings report will be "less shock and awe" and more about execution.
• The biggest risk for Nvidia is its ability to scale the supply of its AI-enabling GPU chips, according to BofA.

Nvidia remains a "top sector pick" ahead of its upcoming second-quarter earnings report, even after its stunning AI-driven year-to-date stock rally of 209%.

That's according to Bank of America's Vivek Arya, who in a Monday note reiterated his "Buy" rating and $550 price target for Nvidia, suggesting potential upside of 22% from current levels.