Goldman Sachs believes AI deployment remains on track, with physical AI revenue diversification and supply chain expansion pointing to a higher-than-expected CPU ramp. Maintains a Buy rating with a price target of $300, representing a 38.6% upside from the October 20 closing price of $216.47; authorizes a $235 billion share repurchase program. Recommends monitoring the scaling of physical AI revenue and supply chain delivery progress.
Goldman Sachs: NVIDIA's Physical AI Revenue Reaches $11 Billion, Exceeding 30% of Previous Fiscal Year
TechFlowShare
Summary
Goldman Sachs cites on-chain data showing NVIDIA's physical AI revenue at $11 billion, exceeding 30% of the prior fiscal year. The firm maintains a buy rating with a $300 price target. On-chain analysis supports this view, which also notes a $23.5 billion share repurchase program. Investors are advised to monitor AI revenue growth and supply chain updates.
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