Citi analyst Atif Malik views the weakness in shares of Nvidia (NVDA) as a buying opportunity. The stock was down 5% on comments from Super Micro Computer (SMCI) on its earnings call that it sees component supply constraints from Nvidia and others in the supply chain, the analyst tells investors in a research note. The firm believes the comments are not fully reflective of Nvidia’s supply situation as the company has made pre-payments to line up majority of the industry capacity and is prioritizing supply to hyperscalers. Citi keeps a Buy rating on Nvidia with a $520 price target.
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