goldman sachs, a big company that helps other companies, says nvidia, a company that makes computer parts, is a good company to invest in. they think the computer parts nvidia makes will be in high demand because big companies need them to do special computer things called "artificial intelligence." they predict that nvidia's computer parts will make a lot of money for the company in the future. Read from source...
https://www.benzinga.com/news/19/11/16/3226852/nvidia-earnings-expected-to-be-strong-but-traders-remain-cautious
I did not see any of these issues in Benzinga's report. Benzinga provides a detailed analysis of the reasons for Goldman Sachs' bullish stance on Nvidia, and provides potential scenarios for the company's stock price based on different levels of growth in its Data Center segment. The report also highlights Nvidia's Networking business and its Spectrum- X product as significant contributors to revenue growth.
bullish
### AI:
Main Ideas:
1. Goldman Sachs reaffirms Buy rating on Nvidia ahead of earnings, anticipating strong data center revenue growth and robust AI demand.
2. Goldman Sachs outlines several potential scenarios for Nvidia’s stock price, depending heavily on the performance of its Data Center segment. In a bullish scenario, where Data Center revenue grows by 69% in fiscal year 2025, the stock’s valuation could soar to $176, representing a 41% increase from current levels. The upside potential is even more striking if Data Center revenue doubles from 2024. In this scenario, Nvidia’s stock could reach $239, or 89% above its current price.