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Citi Positive on NVIDIA (NVDA), 'we expect the data center segment to remain NVDA's leading sales driver'

October 11, 2023 8:53 AM EDT

Citi analyst Atif Malik reiterated a Buy rating and $630.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Taiwanese add-in graphics card/OEMs like Gigabyte/MicroStar reported September monthly sales +19% M/M (+58% Y/Y) vs. 3-year average seasonality of +12% M/M. With August +... More

Citi sees this company maintaining 90% share despite OpenAI supplier diversification concerns

October 9, 2023 11:08 AM EDT

Despite a Reuters report recently stating that artificial intelligence firm OpenAI has been exploring the options of building its own AI accelerator and diversifying its suppliers, Citi is confident one major company will maintain a large share in the AI GPU market.

While the report notes that... More