Citi raised the firm’s price target on Nvidia (NVDA) to $210 from $200 and keeps a Buy rating on the shares. The firm is “incrementally positive” on Nvidia’s product ramp and competitive positioning post Rubin CPX launch following a meeting with management. Citi believes the GTC Washington event starting on October 27-29 could serve as a positive catalyst for the stock. It cites higher artificial intelligence Infrastructure forecasts for the target bump.
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