Citigroup has reaffirmed its bullish stance on Nvidia (NASDAQ: NVDA), expecting the semiconductor giant to outperform later this year.

The bank maintained a ‘Buy’ rating and reiterated a $270 price target on the chipmaker’s stock, implying roughly 50% upside from NVDA’s last closing price of $182.

Citi expects Nvidia to outperform in the second half of 2026 as demand for artificial intelligence infrastructure strengthens and revenue visibility improves into 2027.

In this line, analyst Atif Malik projects January-quarter revenue of about $67 billion, above the $65.6 billion consensus estimate, with April-quarter guidance seen at roughly $73 billion, also ahead of…