Citi Bank has recently become bullish on Nvidia stock, setting a price target of $150, representing a potential 15% return from its current price of $131. Analyst Atif Malik has rated Nvidia as a ‘buy’, projecting that GPU sales could increase by 118% next year, with overall sales possibly doubling. The stock had dipped to the $131 range, shedding over 4.5%, but investors view these dips as buying opportunities, anticipating a recovery and future gains. Nvidia is heavily investing in the AI sector, aiming to outperform competitors, which adds to its positive outlook. If Citi Bank's predictions hold, a $1,000 investment could grow to $1,150 in the near term, signifying strong investor optimism despite recent price fluctuations.

Source 🔗