Another institution raises Nvidia's target price: optimistic about the surge in demand for sovereign AI.

As NVIDIA's stock price continues to rise, Citibank has become the latest institution to raise its target price for the stock. The reason for their optimism is that they believe the demand for artificial intelligence infrastructure from sovereign nations is growing significantly, which will further drive NVIDIA's expansion. Citibank has raised NVIDIA's target stock price to $190 per share, which represents about a 15% upside from last Thursday's closing price. This upgrade comes as NVIDIA's market value approaches $400 billion, with the stock price rising 12% in the past month. Citibank analysts believe that NVIDIA will capture a larger market share in the expanding total addressable market for data center infrastructure.