Goldman Sachs: Nvidia has a competitive advantage over its peers in the field of AI training applications, target price raised to $250.

Goldman Sachs released a research report pointing out that NVIDIA has a competitive advantage in the field of AI training applications, surpassing its peers, and its performance is expected to significantly exceed market expectations. The firm believes that the company's current valuation is attractive, leading to an average increase of 12% in its earnings forecast per share, raising the target price from $240 to $250. The firm mentioned that NVIDIA had previously forecast data center revenue for 2025/26 at $500 billion, with potential for further upside; it also forecasted potential extensions of the lifecycle of previous-generation GPU products. In addition, NVIDIA's Rubin architecture product is expected to be launched as planned in the middle of next year, leading to strong revenue growth in the second half of the year.