Can NVIDIA's (NVDA.US) financial report burst the "AI bubble theory"? Citigroup gives a "buy" rating, stating that AI demand far exceeds supply.

According to the Zhitong Finance APP, Citibank has released a research report stating that it maintains a "buy" rating for NVIDIA (NVDA.US) and has raised the target price from $210 to $220. In addition, Citibank has initiated a "30-day short-term bullish" view on the stock, betting that its upcoming financial report to be announced on November 19 will achieve strong performance with "revenue exceeding expectations and guidance being raised".