Nvidia (NVDA, Financials) just got another confidence boost from Wall Street. Ahead of its upcoming earnings report, Citi Research raised its price target on the AI chip leader to $720 from $650, saying demand for Nvidia’s processors remains as strong as ever.
Citi’s analysts called Nvidia the undisputed leader in artificial intelligence computing a title it has earned thanks to relentless demand for its H100 chips and growing excitement over its next-generation Blackwell GPUs. Those products are expected to power data centers well into 2026 as companies race to expand their AI infrastructure.
While some investors worry about chip supply constraints and pricing fluctuations, Citi said Nvidia’s long-term advantage lies in its deep ties with cloud giants, software ecosystem, and unmatched developer tools a combination that keeps competitors at bay.
All eyes now turn to Nvidia’s earnings next week, where investors will look for signs that its explosive growth can keep pace with sky-high expectations. The stock has already soared 180% this year, making Nvidia one of 2025’s biggest winners and possibly just getting started.
