Lates News

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 (AI) infrastructure from sovereign nations is significantly increasing, which will drive NVIDIA to further expand. Citibank has raised NVIDIA's target stock price to $190 per share, which represents approximately 15% upside from last Thursday's closing price. This rating upgrade comes as NVIDIA's market value approaches $400 billion and the company's stock has risen by 12% in the past month. Citibank analysts believe that NVIDIA will capture a larger share in the expanding total addressable market (TAM) of data center infrastructure.