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Financial services major Citi remains gung-ho on Nvidia (NVDA), despite the wider muted sentiments around tech stocks now. If Citi's belief about the chip leader's numbers for Q4 is realized, it can dispel the notion of any weakness in the tech sector in general and can reactivate the company's share price, which has been under pressure so far this year.
Having a “Buy” rating with a $270 price target, Citi analyst Atif Malik stated in a client note that, "We model Jan-Q sales of $67B above Street $65.6B and [we] expect Apr-Q guide of $73B vs. Street $71.6B. We expect continued strong ramp of B300 with Rubin launch to drive a 34% H/H acceleration in CY2H26 sales vs. 27% in CY1H26. We believe most investors are looking past the earnings to [the] annual GTC conference in mid-March for NVIDIA to talk about [its] inference roadmap using Groq’s low latency SRAM IP and provide an early outlook for 2026/27 AI sales."
