Citi corta preço-alvo da Nvidia para US$ 210 em meio à crescente competição de chips de IA

Wall Street aperta o cerco contra a Nvidia enquanto rivais avançam no mercado de inteligência artificial.

Analistas do Citi revisaram suas projeções para a gigante de chips, reduzindo o preço-alvo para US$ 210 - um movimento que reflete preocupações com a intensificação da concorrência no setor.

O mercado de IA esquenta

Novos players estão desafiando o domínio da Nvidia no cenário de processamento de inteligência artificial. A concorrência acirrada força os grandes bancos a recalibrar expectativas, mesmo enquanto a demanda por soluções de IA continua em alta.

Os tradicionais cortes de preços-alvo de sempre - porque nada diz "confiança no mercado" como ajustar números para baixo enquanto cobram comissões generosas.

A Nvidia agora precisa provar que pode manter sua vantagem competitiva enquanto novos concorrentes emergem no espaço de chips especializados.

Broadcom’s AI chip order and Google’s role hit 2026 GPU outlook

“We previously expected the AI XPU chip sales to outpace GPU sales in 2026,” Atif wrote, adding that Broadcom’s comments on faster XPU adoption seem linked to Google helping its rivals get more compute power without depending on Nvidia. “We estimate ~$12B GPU sales impact to Nvidia’s 2026 sales from the above deals,” he said.

The stock has already taken a hit. Nvidia is down 8.6% over the last month after second-quarter data center revenue came in just below expectations. There are also growing concerns about customer concentration. In the July quarter, two buyers accounted for 39% of Nvidia’s total revenue.

All eyes now turn to CEO Jensen Huang, who is scheduled to deliver the GTC keynote on October 28. Investors are hoping for clarity as rivals continue to eat into Nvidia’s market.

Still, Atif said his estimates for 2025 and 2026 remain slightly higher than Wall Street’s average, thanks to rising demand from neocloud companies and sovereign AI projects, which involve national governments building their own AI infrastructure. He did not include potential future GPU shipments to China, though he noted that would be upside if shipments resume.

Separately, Nvidia board member Dawn Hudson sold 90,000 shares last week at an average of $170.90, cashing out $45.5 million, filings show. The sale lowered her holdings by 20%.

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