According to Citi, Nvidia (NVDA.US) data center revenue for the fourth quarter of fiscal year 2024 (ending the end of January) is expected to increase by about 2 billion US dollars on a quarterly basis, with market expectations of 16.6 billion and 16.8 billion US dollars.
The Zhitong Finance App learned that Citi released a research report stating that it gave Nvidia (NVDA.US) a “buy” rating, and investors are expected to shift their focus to the company's long-term artificial intelligence data center opportunities, with a target price of 575 US dollars. The bank said it expects the fourth quarter of fiscal year 2024 (ending the end of January) to increase its data center revenue by about 2 billion US dollars on a quarterly basis. The bank and market expectations are 16.6 billion and 16.8 billion US dollars. Looking ahead to the first quarter of fiscal year 2025 (ending at the end of April), the bank believes that the supply of CoOS packages is a key factor affecting Nvidia's data center business because demand for artificial intelligence (AI) is still strong, and there is an indication that the company is actively locking in production capacity.