Despite recent weakness, Nvidia (SYM: NVDA) could see higher highs.
All thanks to explosive demand for artificial intelligence technology. Plus, analysts at Citi just hiked their price target on NVDA to $150, with a buy rating.
“The new price target stems from raised earnings per share expectations in 2025 and 2026 tied to the build plan for the GB200, also known as the Blackwell chip,” added CNBC. The firm added that “Fundamentally, we believe AI adoption remains in the 3rd/4th innings.”
NVDA last traded at $123. From here, we’d like to see it rebound to $130 initially.
