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Citi Reiterates Buy Rating on NVIDIA (NVDA)

May 29, 2024 9:19 AM EDT

Citi analyst Atif Malik reiterated a Buy rating and $1,260.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Mercury Research released 1Q24 graphics data yesterday. While the data is backward-looking, on a Q/Q basis, NVDA GPU revenue share was down 40bps (93.5%)... More