** BofA Global Research upgrades Italian tech firm Technoprobe TPRO.MI to "buy" from "neutral" and names the "advanced probe card champion" as its SMID top pick, citing its continued market dominance

** Nvidia's NVDA.O GPU volumes are driving the probe card maker's revenue, with AI-related revenue seen making up 70% of its revenue by 2028 from the 38% of 2025, BofA says

** The brokerage notes Technoprobe's production capacity ramp-up resulted in a significant Q1 beat and 2026 guidance hike

** BofA more than doubles its price target to 38 euros; Technoprobe shares jump over 7% to 28 euros

** Including Monday's rise, the stock has gained 128% YTD

** Out of seven analysts that cover Technoprobe, six rate it "strong buy" or "buy" and ​one "hold" - LSEG data

** Analysts' median PT on the stock is 28 euros, up 70.6% in the last 30 days - LSEG data

($1 = 0.8590 euros)