Traders at Citi are building conviction for a “Magnificent 7” stock that they say is competing in the global artificial intelligence (AI) race. The bank says that a major bump in the demand for AI infrastructure, especially sovereign governments looking to build national plants, is bullish for Nvidia (NVDA), Yahoo Finance reports . Say Citi analysts Atif Malik and Papa Syll, “We believe sovereign demand is already contributing up to billions of dollars in 2025 [and will rise more in 2026].” The analysts note that “essentially every sovereign deal” involves Nvidia, putting the company in a central position in the race for AI infrastructure. “Nvidia has line of sight to tens of gigawatts of sovereign and enterprise AI factory buildouts over the next few years.” Citi is forecasting a 5% growth in Nvidia’s revenue for fiscal year 2027, and 11% in 2028, and has currently raised its price target for NVDA to $190, a 20% rally from current prices. In a recent interview with CNBC, Robinhood CEO Vlad Tenev said that despite the tariff war and geopolitical uncertainty, retail investors had been using the trading platform to accumulate most of the classic favorites as before, one of which was NVDA. “And if we look at retail, retail has pretty much continued to buy the names that they were buying previously. So heavy in the AI space with companies like Nvidia, Tesla, electric vehicles, big in crypto and fintech-related companies. So it’s very much long innovation. Some companies like Palantir, obviously in the defense space, continue to be retail favorites, but that was always the case, that’s been the case for many, many years. So I would interpret it as retail is sort of moving on ahead investing.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Citibank Raises Price Target for One Tech Stock That’s in Global Race for AI Infrastructure: Report appeared first on The Daily Hodl .
