Citigroup analyst Atif Malik maintained a "buy" rating on NVIDIA with a target price raised from $126 to $150.
According to the Zhitong Finance APP, Citigroup analyst Atif Malik maintained a "buy" rating on NVIDIA (NVDA.US), with a target price raised from $126 to $150. The analyst pointed out that although major cloud computing service providers account for 40% of NVIDIA's datacenter business sales, enterprise AI assistants are the next wave of AI, especially in reasoning. In addition, the analyst stated that NVIDIA plans to produce the GB200 NVL72 and GB200 NVL36 server cabinets in 2025.