Citi removed the firm’s “90-day positive catalyst watch” on shares of Nvidia (NVDA) while keeping a Buy rating on the name with a $175 price target The firm views the cap of tier two countries to 50,000 chips and the limitation of U.S. data center companies to no more than 7% of their computing power in any single non-U.S. and allies country in the Biden government’s latest round of artificial intelligence regulations as a long-term risk to Nvidia data center sales. Citi points out the new rules have no near-term impact as they are not enforceable for 120 days.
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