Goldman Sachs has raised its price target for NVIDIA (NVDA.O) to $195 from $180, citing stronger-than-expected capital expenditure guidance from hyperscale cloud providers.
The investment bank’s move reflects growing confidence in the durability of AI-driven demand, even as the semiconductor sector faces scrutiny over valuation multiples and supply-chain constraints.
This adjustment follows a similar upgrade by Goldman Sachs earlier in July, which also pointed to robust spending plans from major tech firms.
NVIDIA shares are trading higher following the fresh upgrade, extending the positive momentum that has characterized the stock’s recent performance.
The chipmaker remains a key beneficiary of the ongoing AI infrastructure build-out, with its data-center segment driving the majority of revenue growth.