Goldman Sachs has increased its price target for Nvidia to $200, anticipating a strong quarterly earnings report.
Goldman Sachs Price Forecast for Nvidia
Analyst James Schneider noted that investor expectations are already high, but still believes Nvidia can deliver a 'clean beat-and-raise quarter.' He emphasizes that the company's guidance will be the key focus.
Key Points for Upcoming Report
The Goldman note highlights three key points to watch during the earnings call. The first is the ramp-up of Blackwell chips in the second half of the year and the expected rollout of the next chip line, Rubin, planned for 2026. The second point is the timeline for H20 chips in China, and the third is Nvidia's gross margin.
Impact on Semiconductor Market
Elsewhere in the semiconductor sector, there was also a rally as traders expect chipmakers with deeper U.S. investments to be better protected from tariffs. TSMC saw its shares rise nearly 5%, and both GlobalFoundries and SK Hynix had shares that reached higher numbers.
The rise in Nvidia's stock and other semiconductor manufacturers is linked to strong market expectations and investments in U.S. production. The company's upcoming results could set the tone for sector development in the near future.
