"Nvidia's Stock Soars to Record Highs as Analysts Set Bullish Price Targets"

1 min read
Source: MarketWatch
"Nvidia's Stock Soars to Record Highs as Analysts Set Bullish Price Targets"
Photo: MarketWatch
TL;DR Summary

Goldman Sachs analyst Toshiya Hari is optimistic about Nvidia's sustained growth, citing continued spending by cloud service providers on AI hardware, expanding customer profile, and upcoming product cycles. He raised the price target for Nvidia shares to $800, emphasizing sustained demand for accelerated computing and the company's competitive edge over AMD. The analyst's confidence in Nvidia's data-center business sustainability led to maintaining a buy rating and placing the stock on Goldman's "conviction" list.

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