"I bet we'll look back on that Citi price target cut and realize it was a mistake, just like the others."
"The good news for Nvidia is that right now, there's no clear winner. Companies that don't spend as much on Nvidia chips as others are going to be perceived as falling behind."
""tried to develop its own chips" and is now "seen by Wall Street as being too cheap to win.""
Jim Cramer has delivered strong results with growth and AI stock picks, including Nvidia. NVDA stock is up 28.2% year-to-date and 64% over the past year. Citi reduced its price target from $210 to $200, but Cramer called the cut a likely mistake. Competitive pressure is emerging as major customers like Google develop custom chips to reduce reliance on Nvidia. Broadcom is gaining customers, pushing its stock sharply higher and racing toward a $2 trillion market cap. Market sentiment now centers on competitive dynamics and chip spending differences rather than solely on Nvidia's valuation.
Read at 24/7 Wall St.
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