Bank of America Securities semiconductor analyst Vivek Arya stated on CNBC's Squawk Box that he expects Nvidia to achieve this milestone within a year, a feat no other company has managed. Arya believes Nvidia is currently undervalued by 30% to 50%, trading at just 0.3 times earnings growth, with a consensus analyst target near $305. He emphasized that investor focus for tonight's Q2 earnings will be on the balance sheet and disclosures regarding ecosystem funding, rather than just an EPS beat, given the strong fundamentals and the stock's historical tendency to fall after earnings beats.