Although NVIDIA (NVDA.US) guided its revenue for the first fiscal quarter ending in April to beat expectations of USD5 billion, and to reach USD78 billion given exponential agentic AI demand, its stock price remained largely flat after the market closed, Citi said in its report.

The broker believed that the GTC conference held in mid-March will be a positive event for the stock and expected NVIDIA to showcase Groq SRAM low-latency inference, CPUs, and optical networks. Furthermore, early visibility into sales for 2027 may act as a catalyst for the stock price.

Citi assigned a Buy rating to NVIDIA, raising the target price from USD270 to USD300.
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AASTOCKS Financial News
Website: www.aastocks.com

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