Nvidia stock hit an all-time high on May 14, 2026.
Since then, it has lost roughly $1 trillion in market value
The stock is down about 16% from that peak, trading around $204, while the broader market has mostly moved higher. For investors who bought in during the spring run-up, it has been a rough two months with no clear catalyst to point to. Atif Malik, a Citi analyst who has covered Nvidia through most of its AI-era rise, published a note on July 8 after a direct call with Nvidia’s investor relations team.
His message was not complicated: the concerns driving the selloff are real, but the product roadmap is intact, and the stock is cheaper than it has been in years. Citi reiterates Nvidia Buy rating with $300 price target after investor call Atif Malik, ranked number 3 out of more than 12,000 analysts tracked by TipRanks with an 81% success rate, reiterated his Buy rating and kept his $300 price target in place, according to Seeking Alpha. With Nvidia trading around $204, that target implies roughly 47% upside from current levels.