Citi Raises Nvidia Price Target Amid Surging AI Demand
Citigroup has increased its price target for Nvidia to $190 per share, projecting a 15% upside from current levels. The bank revised its 2028 AI compute total addressable market estimate upward by 13% to $563 billion, with networking TAM climbing to $119 billion from $90 billion.
"Sovereign demand is already contributing billions to Nvidia's 2025 pipeline," analysts Atif Malik and Papa Sylla noted. The chipmaker dominates global AI infrastructure deals, becoming indispensable for hyperscalers as prices remain elevated. Nvidia briefly surpassed Apple last week as the world's most valuable company during Thursday's trading session.