Nvidia gets a price target hike from Citi on AI infrastructure growth, OpenAI deal
Nvidia is poised for further upside as it ramps up initiatives to improve AI infrastructure, including new products and partnerships, according to Citi. The investment bank, which has a buy rating on shares, raised its price target for Nvidia to $210 from $200, implying 15.5% upside from Monday’s close. “While we await further details on the recent $100B OpenAI investment, we walked away incrementally positive on the company’s roadmap and competitive positioning post Rubin CPX GPU launch,” Citi analyst Atif Malik said Tuesday in a note to clients. “We model Oct/Jan[1]Qs sales $54B/$62B and adjust CY26/27 estimates +1%/+10% to align with Citi’s updated AI infrastructure spending forecast and view on financing flows.” Nvidia earlier this month unveiled its Rubin CPX , a high-end graphics processing unit capable of handling generative video creation at high speeds. The product, which will support advancements in generative AI technologies, is slated to debut in late 2026. The chipmaker also recently announced it would invest up to $100 billion in OpenAI with the goal of building massive data centers to support the growth of the AI industry — a boon to its customers. “NVIDIA’s roadmap is not impacted by this partnership and no change in commitment towards ARM. NVIDIA is giving customers more options with x86,” Malik wrote. The analyst also noted that GTC Washington, a three-day AI conference taking place in late October, could lift the stock. CEO Jensen Huang is slated to deliver the keynote address. Malik’s revised price target falls slightly below the average $213.34 target on the Street, LSEG data shows. NVDA YTD mountain NVDA year to date Nvidia shares were trading flat before the bell on Tuesday. The company’s stock is up roughly 7% over the past month and 35% year to date. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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