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Goldman Sachs No Longer Sees NVIDIA’s Data Center Revenue Declining Later This Year, Adds the Stock to Its Conviction List

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Another week begins with NVIDIA's now-customary stock price upgrades and endorsements. While Stanley Druckenmiller, the chairman and CEO of the Duquesne Family Office, provided NVIDIA's first notable endorsement of the week, Goldman Sachs now appears to have picked up the proverbial bullish torch by adding the high-flying GPU manufacturer to its conviction list. $NVDA: Goldman Sachs Raises price target to $800 from $625 "We increase our FY2025/26 non-GAAP EPS (excl. SBC) estimates, on average, by 22% as we reflect recent industry data points indicative of robust AI server demand and improving GPU supply. We no longer assume a drop off… […]

Read full article at https://wccftech.com/goldman-sachs-no-longer-sees-nvidia-data-center-revenue-declining-later-this-year-adds-the-stock-to-its-conviction-list/

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