The Point For North America

Citi's daily digest highlights NVIDIA's AI-driven growth and new CPU market targets, Vertiv's ambitious 2030 data center outlook, and retail sector resilience led by TJX and Boot Barn.

Key Takeaways

• 1.NVIDIA (NVDA) reported better-than-expected results driven by robust AI demand and a projected $200B CPU total addressable market by 2030.
• 2.Vertiv Holdings (VRT) set aggressive 2030 financial targets including a 20-22% organic revenue CAGR, benefiting from high data center exposure.
• 3.Retail results highlight a winning off-price model (TJX) and resilient niche growth (BOOT), while large-box retailers (TGT, HD) face tougher comparisons and consumer uncertainty.

Table of Contents

• Morning Call Highlights
• Must Read
• Company
• Industry
• Economics & Strategy
• Key Rating and Target Price Changes
• Appendix A-1

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