A Citi analyst sees Nvidia’s stock rising another 20% as the AI opportunity swells further, but he notes the risk of potential new geopolitical restrictions ahead.

Shares were sliding as part of a broader selloff, with investors on edge ahead of the July 9 deadline for U.S. tariff deals.

Even at record highs, Nvidia’s stock may not be as expensive as it is touted to be. Some valuation metrics suggest room for upside

Nvidia stock trades at $163.87 as of July 10, 2025, reaching a record $4 trillion market cap amid surging AI demand.

HSBC senior analyst Frank Lee says AMD is catching up to Nvidia. However, AMD stock only offers performance, but lacks ecosystem.

Nvidia reached the $1 trillion mark on May 30, 2023, and the stock skyrocketed 239% for the year. Then in 2024, growth continued as Nvidia hit the $2 trillion mark on Feb. 23, 2024, and the $3 trillion mark less than four months later on June 5, 2024. For the full year, Nvidia stock rose 171% in 2024.

Investing.com -- Citi has lifted its price target on Nvidia (NASDAQ: NVDA) to $190 from $180, citing a larger-than-expected total addressable market (TAM) for AI data center semiconductors and higher projections for both compute and networking revenues.

NVIDIA Corporation (NASDAQ:NVDA) is one of the Top 10 AI Stocks in the Spotlight. On July 7, Citi reiterated the stock as “Buy” and raised its price target on the stock to $190 per share from