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Citigroup: Raises Nvidia's target price to $150

Citigroup: Raises Nvidia's target price to $150

CointimeCointime2024/06/26 14:34
By:Cointime

Citigroup analyst Atif Malik maintains a "buy" rating on Nvidia and raises the target price from $126 to $150. The analyst pointed out that although major cloud service providers account for 40% of Nvidia's data center business sales, enterprise AI assistants (AIAgents) are the next wave of AI, especially in reasoning. In addition, the analyst said that Nvidia plans to produce GB200NVL72 and GB200NVL36 server cabinets in 2025.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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