Citi Bank is doubling down on its Nvidia (NVDA) bets, raising its price forecast for the stock and maintaining buy signals. Citigroup raised its 2028 AI compute TAM estimate to $563 billion, up 13% from $500 billion, and networking TAM to $119 billion, up from $90 billion, expecting sharp sales increases for Nvidia. The firm also raised its price target on the chipmaker to $190 per share, implying a roughly 15% upside from Nvidia’s current trading levels.
“We believe sovereign demand is already contributing up to billions of dollars in 2025” and should ramp up further in 2026, Citi analysts Atif Malik and Papa Sylla wrote. Nvidia is involved in “essentially every sovereign deal,” the note said, making the company central to the global race to build national AI infrastructure. Nvidia’s share price has been climbing steadily, and the AI chip giant is now positioned as absolutely critical for hyperscalers worldwide. At the time of writing, Nvidia’s stock continues to attract significant attention from investors and bank firms alike.
Last Thursday, Nvidia (NVDA) briefly became the most valuable company ever, after beating Apple’s record for a short period during the trading day. Nvidia has played a leading role in fostering some of the most critical changes in various critical market areas, as hyperscalers remained and continue to over-rely on the firm in the AI chip sector when prices are still high. The value of the Nvidia market cap reflects this positioning strategy, which, as of July 7, will be worth $3.8 billion, and such a figure helped propel various major growth plans across the sector.
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Should You Buy Nvidia (NVDA) Stock?
While it is a rather expensive stock compared to other investment options, Nvidia has showcased immense growth in the last five years. Investors who bought NVDA shares in 2020 have seen an ROI of over 1,500%. As the AI revolution continues to explode, Nvidia has proven itself to be the undisputed leader in chip technology.
Recent price predictions for Nvidia shares indicate that it could deliver double-digit profits in July 2025. The recent forecast from the Traders Union indicates that NVDA could reach a high of $173 to $174 by the end of the month. That’s an uptick and return on investment (ROI) of approximately 14% from its current price of $153. Therefore, an investment of $1,000 could turn into $1,140 if the price prediction turns out to be accurate. That’s stellar returns in just a month, and not every asset can generate double-digit returns in a month.