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 infrastructure spending, positioning Nvidia as a primary beneficiary of updated spending plans from major tech firms.
Nvidia shares are trading higher following the analyst upgrade, extending the positive momentum that has characterized the stock in recent sessions.
The repricing underscores the market’s focus on semiconductor demand drivers, particularly as investors look for confirmation of sustained growth in the data center segment.