Citi Maintains Nvidia’s Buy Rating With $150 PT

Citi reiterated on April 15, 2025 its ‘Buy’ rating on Nvidia, with a $150 price target.

“H20 Restrictions; It Was a Long Time Coming — Citi’s Take

NVDA stock was down 6% after market following the company announcing it will take $5.5B in charges after the U.S. government notified the company on April 9, 2025 license requirements for exports to China of its H20 artificial intelligence chip.

The company went on to point out the U.S. government’s decision will be in effect for the indefinite future.

While we keep our NVDA Al units and sales estimates intact as we previously de-risked NVDA AI DC sales estimates amid the expectations that all China Al GPUs will be eventually subject to restriction, we acknowledge that this news could impact NVDA Jul-Q guide’s ability to beat street estimates comfortably, which we think currently bake in ~10% China contribution to NVDA DC sales.”

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