Glonghui, May 24 | Citibank published a research report stating that Nvidia's performance is in line with market expectations, but the stock split plan to split 1 share into 10 shares is surprising. More importantly, management's remarks about the transition of its chips from Hopper to Blackwell, and that every dollar invested in AI infrastructure may be monetized by providing computing power services, gave the market a sigh of relief. The bank expects Nvidia to announce the new product at the AI conference, raise its earnings per share estimates for the 2025-27 fiscal year by 9%, 23%, and 41%, respectively, and raise the target price from $1,030 to $1,260, with a “buy” rating.