Citigroup: Nvidia's strong performance "ignites" Dell and enterprise AI demand
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Citi analyst Asiya Merchant stated that Nvidia's strong performance indicates a continued growth in enterprise artificial intelligence demand, which is particularly beneficial for Dell Tech. Merchant has a "Buy" rating on Dell, with a target price of $160. It is expected that the total artificial intelligence market will reach $171 billion to $174 billion by 2027, with an annual growth rate of 20% to 25%. Nvidia's revenue for the third fiscal quarter surged by 94%, setting a new historical high for its stock price, while Dell's stock price rose by 0.76% in after-hours trading
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