New Expectations for Nvidia Shares

Citibank has raised its target for Nvidia shares.

Citibank expects the company's shares to reach $190.

This is due to the increase in the total target market for semiconductors.

It is expected to reach $563 billion by 2028.

Previous estimates indicated a rise to $500 billion.

This represents an increase of approximately 13% over previous forecasts.

Citibank also expects networks to represent a 21% increase.

Network sales are also expected to represent approximately 12% in 2027.

It is worth noting that networks currently represent approximately 20% of total data center revenue.

Regarding the stock's technical analysis

The stock was able to break through important and strong resistance areas,

located at approximately 153.

The stock was also able to form strong new demand areas,

located at approximately 146.39.

These new areas are considered the best buying areas at the present time.

If the specified demand areas are tested, it is expected to rise again

 to targets of 151.57 and 159.47, respectively.

The analysis failed to break and close below the demand areas with a full candle.