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, reinforcing the sector’s upward trajectory despite broader market volatility.
This adjustment aligns with recent analyst sentiment, as Goldman Sachs previously highlighted the robust demand for Nvidia’s data center chips in its earlier coverage.
Nvidia shares are trading higher following the upgrade, with the stock benefiting from renewed investor interest in semiconductor equities.
The price target increase underscores the market’s focus on cloud providers’ willingness to invest heavily in AI capabilities, a trend that has been a key driver of Nvidia’s valuation.