Citigroup recently released a report stating that NVIDIA expects its revenue opportunity per GW of AI infrastructure to increase from $18 billion in the Hopper era to $25 billion in the Blackwell era, and further to $40 billion in the Rubin era. This growth comes not only from improved GPU performance but also from the inclusion of products such as CPUs, LPUs, networking equipment, and AI factory infrastructure into the overall solution. This reflects the company's expanded coverage of more aspects in AI infrastructure deployment, increasing the revenue scale per project. Citigroup maintains a "Buy" rating on NVIDIA with a target price of $315.