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Zhitong
2024.06.26 12:31
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Citi: Bullish on enterprise AI inference prospects, raises NVIDIA's target price to $150

Citigroup analyst Atif Malik maintains a "buy" rating on NVIDIA, with a target price raised from $126 to $150. The analyst pointed out that although major cloud service providers account for about 40% of NVIDIA's data center business revenue, enterprise AI assistants (AI Agents) 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

According to the Zhitong Finance and Economics APP, Citigroup analyst Atif Malik maintains a "buy" rating on NVIDIA (NVDA.US), with the target price raised from $126 to $150. The analyst pointed out that although major cloud service providers account for about 40% of NVIDIA's data center business revenue, enterprise AI agents 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

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