The slight pullback in Nvidia (NVDA) is a buy opportunity.

Last trading at $903.45, we still believe it’s headed well over $1,000 this year.

Helping, analysts at Citi just opened a 90-day catalyst watch on the stock, noting, “We expect supply chain commentary from…suppliers during earnings and Computex Taiwan on June 2nd where Nvidia CEO Jensen Huang will deliver a keynote which could be positive catalysts for the stock.” Citi also has a price target of $1,300 on the stock, with a buy rating.

NVDA should also benefit from growing in AI infrastructure spending.

“Data center products are Nvidia’s largest revenue source. This segment drove 83% of its $22 billion in revenue in the most recent quarter, so the investment in data center infrastructure is vital to Nvidia’s growth,” noted Motley Fool. 

It’ll also benefit from surging demand for AI chips, and from continued growth of AI.

Remember, according to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – could grow twenty-fold by 2030 to more than $2 trillion. All while technology massively disrupts everything about everything.

And, according to Marketing AI Institute, “Artificial intelligence will, on average, boost rates of profitability by 38% and provide an economic boost of $14 trillion in additional gross value by 2035, according to research by Accenture.  

All of which NVDA will benefit from.