Citi raises AMD and Nvidia price targets
Citi are feeling more bullish about semiconductors, lifting their price targets for Nvidia (NASDAQ: NVDA) and AMD as the AI race intensifies.Nvidia saw its price target raised to 180, with Citi reiterating a Buy rating. The updated outlook comes from analyst Atif Malik, who now expects the 2028 total addressable market for AI data center semiconductors to reach 500 billion and reflects stronger-than-expected sovereign investment in AI ...