Reported about 1 month ago
Despite a steep decline in Nvidia's stock, which caused a loss of approximately $400 billion in market value, Goldman Sachs analyst Toshiya Hari maintains a Buy rating on the company, suggesting the recent sell-off is overdone. He pointed out strong demand for accelerated computing and AI, emphasizing the potential for significant growth in the sector by 2025. Investor skepticism remains regarding Nvidia's earnings sustainability, but Goldman believes the company's competitive position and innovation pace will ensure long-term success.
Source: YAHOO