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Citi: NVIDIA To Remain Range-Bound Through The CES In January 2025, Margins To Bottom Out In Q1’25

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NVIDIA

Citi has penned an important investment note on NVIDIA today, touching on the stock's immediate prospects and the likely trajectory of the GPU manufacturer's margins as the Blackwell production ramp-up gets underway. Citi's NVIDIA Note: " We Believe AI Adoption Remains In 3rd/4th Innings As Enterprise AI Demand Takes Off Next With AI agents" Off the bat, Citi has asserted that NVIDIA's under-pressure gross margins will bottom out in the low-70s percents in Q1 2025, with the Wall Street titan continuing to view the ~72 percent level as the likely trough. After Q1, Citi expects NVIDIA's gross margins to stabilize […]

Read full article at https://wccftech.com/citi-nvidia-to-remain-range-bound-through-the-ces-in-january-2025-margins-to-bottom-out-in-q125/

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