Nvidia stock (NVDA) is coming under new scrutiny after Citi (C) cut its price target on Monday. Analyst Atif Malik lowered his target from $210 to $200 while keeping a Buy rating, pointing to growing pressure from rivals. The downgrade comes as Nvidia stock trades at $168 in premarket, recovering slightly after losing 2.7% on Friday. Over the past month, shares have dropped 8% as the aftershock of earnings combined with new competition weighed on investor sentiment.

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One key reason for the cautious outlook is Broadcom’s (AVGO) advance into…