Nvidia shares rally as Goldman Sachs lifts price target to $195 on hyperscale capex

Wall Street's bullish thesis on Nvidia deepens with a higher price target, while options traders pile into calls ahead of the chipmaker's earnings report.

By Handelsavisen Newsroom · Automated 2026-07-08 08:09 UTC · 1 min read

Nvidia shares are trading higher following a fresh upgrade from Goldman Sachs, which raised its price target for the chipmaker to $195 from $180.

The investment bank cited stronger-than-expected capital expenditure guidance from hyperscale cloud providers as the primary driver for the more optimistic outlook.

This move reinforces the consensus view that demand for Nvidia's AI accelerators remains robust despite broader market volatility.

The stock's upward momentum is being supported by significant activity in the options market.

Traders are showing increased interest in call options ahead of Nvidia's upcoming earnings report, with call volume outpacing put volume by more than double.

This skew suggests that market participants are positioning for a positive surprise in the company's financial results, betting on continued strength in data center revenue.