Nvidia's Stock Soars as Citi Raises Price Target, Citing Expanding AI and Sovereign AI Opportunities
5 Sources
[1]
Citi raises price target on Nvidia, citing expanding AI opportunity
Citi see an expanding market for Nvidia's AI business as the company leads global sovereign AI build-outs and continues to scale Blackwell. Analyst Atif Malik raised his price target on Nvidia to $190 from $180, which suggests shares can jump 19.2% from their latest close. Malik's bullish thesis is
[2]
Nvidia Stock Gets Price Target Bump From Citi on 'Sovereign AI' Demand Surge
Last month, Nvidia CEO Jensen Huang announced multiple sovereign AI partnerships during a European tour. Nvidia (NVDA) is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday, as governments and other organizations invest heavily in AI. The
[3]
AI boom sends Nvidia soaring -- Citi hikes price target to $190 as governments rush to buy Jensen Huang's tech
Nvidia is already the crown jewel of the AI revolution, but now, it's becoming a key player in something even bigger, in the race among world governments to build their own national AI systems, and Wall Street is taking notice, as per a report. On Monday, Citi analysts boosted their price target
[4]
Wall Street veterans and analysts set bold new price for Nvidia -- is it headed for another record run?
Nvidia's stock is surging, prompting analysts to raise price targets, with Citi setting the bar at $190. Fueling this growth is the booming AI chip market, projected to reach $563 billion by 2028, driven by government investments. CEO Jensen Huang is visiting China amidst trade tensions, advocating
[5]
Nvidia Stock May Double in the Next 3 Years. Here's Why. | The Motley Fool
Shares of Nvidia (NVDA 0.75%) are flying once again following a difficult start to the year. The semiconductor giant's stock jumped 42% in the past three months, easily crushing the 15% gains clocked by the S&P 500 index during this period. So, anyone who bought Nvidia stock while it was sliding
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Citi raises Nvidia's price target to $190, driven by expanding AI opportunities and sovereign AI demand. Analysts project significant growth in Nvidia's data center and AI businesses, with a potential market of $563 billion by 2028.
Citi Raises Nvidia's Price Target on Expanding AI Opportunities
Citi has raised its price target for Nvidia (NVDA) to $190 from $180, citing an expanding market for the company's AI business
1
. Analyst Atif Malik's bullish thesis is driven by the uptick in sovereign AI demand and Nvidia's leadership in global sovereign AI build-outs1
.
Source: ET
Sovereign AI Demand Surge
Sovereign AI refers to artificial intelligence capabilities developed for a single entity, often a national government, run on systems under that entity's control
2
. Nvidia CEO Jensen Huang recently announced multiple sovereign AI partnerships during a European tour, including stops in the United Kingdom, France, and Germany2
.Citi believes sovereign demand is already contributing billions of dollars in 2025 and expects the mix of sovereign AI sales to increase in 2026
1
. Bank of America analysts expect "every major country" to invest in sovereign AI, serving critical needs in healthcare, defense, industry, finance, and cybersecurity [2](https://www.investopedia.com/nvidia-stock-gets-price-target-bump-from-citi-on-sovereign-ai-demand-surge-11767497].Expanding Market Projections
Citi has revised its 2028 total addressable market for Nvidia's data center, semiconductors, and AI businesses to reach $563 billion, a 13% increase from its prior estimate
1
. The bank also lifted its expectations for Nvidia's networking segment to $119 billion from $90 billion, citing larger AI training clusters and emerging scale-up intra-networking opportunities1
.Nvidia's Technological Advancements
Source: CNBC
Nvidia's Blackwell ramp is another bright spot for the stock, according to Malik
1
. The company recently introduced its next-generation GB300 NVL72 AI systems, also known as Blackwell Ultra chips, which can produce 50 times more AI content compared to its predecessor1
.Related Stories
Market Position and Future Outlook
Nvidia controlled an estimated 92% of the AI data center GPU market last year
5
. Even if its market share drops to 50% in the next three years, the company's revenue from sales of AI chips could hit $280 billion5
.Some analysts believe Nvidia's stock could double in the next three years, driven by the booming AI chip market and the company's dominant position in the industry
5
.International Developments
Source: Motley Fool
Jensen Huang is set to visit Beijing, where he will meet with high-ranking Chinese officials and attend the International Supply Chain Expo
4
. This visit comes at a sensitive time, as the United States and China have set an August 12 deadline to agree on settling trade frictions4
.Huang has long resisted US limits on chip sales to China, arguing that selling AI technology to China is necessary for the US to maintain its status as a world leader in AI
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