Nvidia AI Gold Rush: Analyst Boosts Price Target, Seeing Path to New Heights Despite Market Jitters
NEW YORK – Nvidia received a significant vote of confidence on Monday as a top analyst raised his price target for the AI behemoth, underscoring a massive long-term growth story that transcends momentary market anxieties.
Citi analyst Atif Malik boosted his price target for Nvidia (NVDA) to an impressive $190 from $180, maintaining a “Buy” rating on the stock. The upgrade is fueled by a powerful new trend: soaring demand for artificial intelligence infrastructure from entire countries. Malik predicts this “sovereign AI” movement will help skyrocket the data-center AI semiconductor market to an astonishing half a trillion dollars by 2028.
This bullish forecast arrives as Nvidia stands on the cusp of a historic milestone. After a phenomenal run, the company’s market capitalization of $3.89 trillion is within striking distance of Apple’s record, a testament to its central role in the global technology revolution.
While broader market concerns over looming U.S. tariffs caused a slight dip in premarket trading for Nvidia and other chip makers like AMD and Intel, the long-term outlook painted by analysts remains overwhelmingly positive. The minor market pullback is seen by many as a reaction to external geopolitical factors rather than a reflection of Nvidia’s fundamental strength.
In May, CEO Jensen Huang had already factored in potential trade headwinds, but the story for investors continues to be the unstoppable global demand for Nvidia’s technology. Even key partner Foxconn, while noting macroeconomic challenges, recently reported record second-quarter revenue, highlighting the robust health of the tech ecosystem Nvidia powers.
Ultimately, while short-term market noise may cause temporary ripples, the fundamental narrative is clear. Analysts are looking past the daily fluctuations and seeing a future where Nvidia is not just a participant but a foundational pillar of a new global AI economy—a vision that points toward continued growth and historic new heights.
