Citi cuts Nvidia price target to $285 from $315

A roughly 10% trim to a price target, with no rating or reasoning disclosed, is a signal of sentiment rather than a change in fundamentals, and that limits how much weight it carries. Nvidia's position as a key GPU supplier for AI computing means analyst revisions like this can ripple into adjacent AI-infrastructure and compute-adjacent RWA narratives that lean on the same demand story. The open question is whether this is an isolated adjustment or the start of a broader round of target revisions; Citi's withheld rationale makes that hard to gauge.