Citi Bank has doubled its NVIDIA (NVDA) bets, raising stock price forecasts and maintaining its purchase signal. Citigroup increased its AI Computing TAM estimate for 2028 to $563 billion, up from 13% to $500 billion, and TAM increased from $90 billion to $119 billion, resulting in a sharp rise in NVIDIA sales. The company also raises the chipmaker’s price target to $190 per share, meaning an upside of about 15% from Nvidia’s current trading level.
“We believe sovereign demand has already contributed to billions of dollars in 2025 and should increase it further in 2026, City analysts Atif Malik and Papa Silla wrote. Nvidia is involved in “essentially all sovereign agreements,” the memo said, saying the company is at the center of global race to build AI infrastructure across the country. Nvidia’s stock price is steadily rising, and the AI chip giant is currently positioned as absolutely important to hyperschools around the world. At the time of writing, Nvidia’s stock continues to attract a lot of attention from investors and banking companies.
Last Thursday, NVIDIA (NVDA) became the most valuable company to date after breaking Apple’s records for a short time during trading day. Nvidia has played a leading role in driving some of the most important changes in a variety of key market areas. This is because hyperscalers continue to overrely rely on companies in the AI chip sector when prices are still high. The value of NVIDIA’s market capitalization reflects this positioning strategy, worth $3.8 billion as of July 7th, and such figures will help drive various major growth plans across the sector.
Should I buy Nvidia (NVDA) stocks?
Though it’s a rather expensive stock compared to other investment options, Nvidia has shown enormous growth over the past five years. Investors who bought NVDA stocks in 2020 have seen ROI of over 1,500%. As the AI revolution continues to explode, Nvidia has proven to be an indisputable leader in chip technology.
Recent price forecasts for NVIDIA stocks show that they can generate double-digit profits in July 2025. Recent forecasts from the Traders Union show that NVDA could reach $173-$174 by the end of the month. This is an increase of about 14% from the current price of $153 and a return on investment (ROI). So, if the price forecast turns out to be accurate, a $1,000 investment could be $1,140. This is a great return in just one month, and not all assets can generate double digit returns in one month.
