According to Odaily, Goldman Sachs has maintained its 'buy' rating for Nvidia stock, keeping the target price unchanged at $135 per share. The investment bank noted that the reported delay in the release of Nvidia's Blackwell chip might cause some short-term volatility following the company's earnings report. However, Goldman Sachs believes that fundamental factors will provide more upward potential for Nvidia's stock price.
Despite growing investor skepticism about the substantial investments in artificial intelligence within the tech industry, Goldman Sachs anticipates that Nvidia's upcoming earnings call will reveal metrics that could bolster confidence in the company's return on investment.
