Citigroup: Raises NVIDIA's target price to $150

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

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RAFFENvip
· 2024-06-26 13:05
It's promising to see Citigroup's confidence in Nvidia's growth, especially with the focus on enterprise AI agents and new server cabinets slated for 2025. The increased target price reflects strong future potential.
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