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Citi Bank Boosts Nvidia Price Target, Sees 15% Upside on AI Demand

Citi Bank Raises Nvidia Price Target Amid Soaring AI Demand and Trillion-Dollar Market Projections

  • Citi Bank has increased its price target for NVIDIA shares, expecting further growth in the company’s stock value.
  • The firm raised its 2028 forecast for the Artificial Intelligence compute market to $563 billion and the networking market to $119 billion.
  • Nvidia is positioned as a central provider for countries building national AI infrastructure worldwide.
  • Nvidia’s market capitalization reached $3.8 trillion, briefly making it the most valuable company, ahead of Apple.
  • Analysts predict NVDA stock could reach $173–$174 by the end of July 2025, delivering an estimated 14% return for investors based on recent forecasts.

Citi Bank has raised its price target for Nvidia shares and reaffirmed its buy rating. The bank expects strong sales growth due to increased demand for artificial intelligence infrastructure globally.

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In its latest report, Citigroup increased its estimated 2028 market size for AI computing to $563 billion (up from $500 billion). The networking market forecast rose to $119 billion from a previous estimate of $90 billion. Citi now projects Nvidia‘s stock price could reach $190 per share, representing about 15% growth compared to current levels.

Analysts Atif Malik and Papa Sylla noted that sovereign demand, meaning purchases made by governments, could reach billions of dollars in 2025 and continue increasing into 2026. “We believe sovereign demand is already contributing up to billions of dollars in 2025,” they wrote, adding that Nvidia is part of nearly every major government deal building out national AI systems.

Nvidia‘s stock price has climbed steadily as it became a key supplier to major cloud computing companies known as hyperscalers. On July 7, Nvidia‘s market value reached $3.8 trillion, temporarily making it the most valuable publicly traded company and briefly surpassing Apple.

Investors who bought NVDA shares in 2020 have seen a return of over 1,500%. According to recent predictions from Traders Union, NVDA stock may reach between $173 and $174 by the end of July 2025. This suggests an estimated 14% increase over its current price of $153. For example, a $1,000 investment could be worth $1,140 if these forecasts hold true.

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While Nvidia‘s stock remains high in price compared to some alternatives, it continues to attract significant attention from investors and analysts as a leading company in AI chip technology.

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