Citi is doubling down on Nvidia , driven by what it sees as a major expansion in demand for AI infrastructure, particularly from sovereign governments. The firm raised its price t

Nvidia is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday.

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.