"Nvidia's Soaring Stock and AI Potential: What's Next for the Chip Giant?"
TL;DR Summary
Nvidia's shares reached a record high after Goldman Sachs raised its price target, anticipating increased earnings from the AI boom. The stock rose about 4% to $689.21, adding about $70 billion to the company's market capitalization, which was valued at $1.63 trillion as of Friday's close. Goldman Sachs analysts raised their price target for Nvidia to $800, citing signs of robust AI server demand and improving GPU supply, and lifted their full-year 2025-2026 earnings estimates for Nvidia by 22% on average.
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