NVIDIA (NVDA.US) shares dived 3% in after-hours trading, despite its financial results and guidance topping street consensus, Citi said in its report. The current quarter sales of US$46.5 billion and the next quarter's US$54 billion sales aligned with investor expectations.

NVIDIA anticipated AI infrastructure spending to reach US$3-4 trillion by the end of 2030, compared to Citi's and the market's forecast of US$2.3 trillion by 2029. Citi believed there is still upside potential in data center sales (excluding the impact of the Chinese market) as NVIDIA has seized export licenses for some Chinese customers.

Citi revised up NVIDIA's EPS forecast for FY2025 and FY2026 by 2% and 10%, respectively, reflecting a 10% higher or 100,000 GB300 racks per week and networking attach rates. The target price was raised from US$190 to US$210. The rating was Buy.
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AASTOCKS Financial News
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Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
Nvidia (C)	10721	175 (-)	0.375	4.6 X
Nvidia (P)	10714	125 (-)	0.059	5.0 X