Citi analyst Atif Malik lowered the firm’s price target on Nvidia (NVDA) to $200 from $210 and keeps a Buy rating on the shares. The firm reduced Nvidia’s 2026 graphics processing unit sales estimates by 4% to reflect Broadcom’s (AVGO) comments about accelerating artificial intelligence chips growth. Citi sees a $12B GPU sales hit to Nvidia from Broadcom’s XPU deals.
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