Citi Remains Bullish on NVIDIA Corporation (NVDA), Expects Another “Beat-and-Raise” Quarter

NVIDIA Corporation (NASDAQ:NVDA) is one of the 11 best AI infrastructure stocks to buy right now.

Citi Remains Bullish on NVIDIA Corporation (NVDA), Expects Another "Beat-and-Raise Quarter

On November 12, 2025, Foxconn Technology reported strong demand for artificial intelligence hardware. This drove investor confidence in the AI buildout, which remains robust ahead of NVIDIA’s upcoming earnings report. With this, NVIDIA reversed some of the losses from the previous day, which were driven by SoftBank’s $5.8 billion sale of Nvidia’s shares.

Furthermore, Citi’s analyst Atif Malik raised his price target on NVIDIA Corporation (NASDAQ:NVDA) from $210 to $220 on November 10, 2025. Reaffirming his “Buy” rating, the analyst expects the company’s Q3 FY26 results to mark another “beat-and-raise” quarter. This optimism is driven by robust AI, data center, and GPU demand. In Q3, Malik expects $56.8 billion in revenue, which was above the $54.6 billion in analysts’ estimates, alongside $62.6 billion in Q4 guidance, also exceeding Street estimates.

Meanwhile, NVIDIA Corporation (NASDAQ:NVDA) joined the India Deep Tech Alliance on November 5. This reflects the company’s efforts to support deep-tech startups in the fields of semiconductors, AI, robotics, and space. Securing over $850 million in new capital commitments, the alliance will be supported by Nvidia’s technical guidance, AI tools, and policy input.

This move, part of NVIDIA Corporation (NASDAQ:NVDA)’s broader growth strategy, aims to help Indian start-ups scale innovation while promoting the adoption of its computing platforms globally. Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital are other investors who have joined the alliance.

NVIDIA Corporation (NASDAQ:NVDA) serves enterprise, AI, and gaming markets by developing and providing graphics, compute, and networking solutions globally.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.