Citi says the keynote by Nvidia (NVDA) CEO Jensen Huang yesterday “checked all the boxes.” The company is seeing an inflection in inference and expects its data center sales to reach $1 trillion in 2025 through 2027, the analyst tells investors in a research note. Citi says this is in-line with investor expectations but above the Street’s $950B estimate. However, the number has “tens of billions upside” given the $1 trillion does not include language processing units, central processing unit standalone, and Hopper sales, contends the firm. Citi has a Buy rating on Nvidia with a $300 price target
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