$NVDA - CITI: BUY NVIDIA AHEAD OF 2H26 OUTPERFORMANCE Citigroup recommends adding to Nvidia, expecting the stock to outperform in the second half of 2026 as AI demand visibility improves into 2027. Analyst Atif Malik forecasts January-quarter revenue of $67 billion (vs. $65.6 billion consensus) and April-quarter guidance of $73 billion (vs. $71.6 billion expected). A ramp in the B300 and Rubin platforms is projected to drive a 34% acceleration in second-half 2026 sales. Investors are focused on Nvidia’s mid-March GTC conference, where the company is expected to outline its inference roadmap and provide early 2026–27 AI sales guidance. Citi projects fiscal 2027 gross margins near 75%, with operating expenses rising in the high-30% range. While hyperscaler capex and inference competition are increasing, the bank believes Nvidia will remain the leader in both AI training and inference. Citi reiterates its Buy rating and $270 price target, calling the stock attractive ahead of expected 2H26 strength.