Skip to content
FXFiboForex Fibonacci Chart
NewsMedium impact

Goldman Sachs defends Nvidia with $300 target; new bets on Korean AI startups

Goldman Sachs reiterated its Buy rating on Nvidia with a $300 target, saying the risk-reward is attractive after the AI sell-off. Nvidia also plans to invest in four South Korean AI startups.

Published: 1 min read11 views
𝕏
Goldman Sachs defends Nvidia with $300 target; new bets on Korean AI startups
Contents
  1. Goldman: the pullback is a buying opportunity
  2. Nvidia invests in South Korea
  3. Market impact

Goldman: the pullback is a buying opportunity

Goldman Sachs reiterated its Buy rating on Nvidia (NVDA) with a $300 price target, saying the stock's risk-reward has become attractive after the recent drop in AI shares.

  • Analyst James Schneider expects Nvidia's fundamentals to beat Wall Street estimates in the near term.
  • The shares trade at roughly 11 times estimated 2027 earnings.

Investors' main concerns

  1. Power availability for data centers through 2028
  2. Financing of AI infrastructure
  3. The durability of AI demand

Nvidia invests in South Korea

Nvidia plans to invest in Motif Tech, RLWRLD and Upstage, as well as Korean AI startup Point2, a sign it keeps expanding its AI ecosystem despite market volatility.

Market impact

Support from major analysts could help ease selling in chip stocks and the Nasdaq, but volatility is likely to stay high until concerns over power and financing are resolved.

Questions? Telegram support @fibonacci_chart

This is news, not a recommendation to buy or sell any stock.

Sources: Goldman Sachs research note (as reported by the media), news reports on NVIDIA's investments

Forex and CFD trading carries a high level of risk due to leverage and you may lose more than your initial capital. Content on this site is educational and not investment advice.

Get curated analysis every Friday

5 key events, 2 curated analyses and one tool or lesson — one-click unsubscribe.

Discussion(0)

Comments are reviewed before publishing.

    Related articles

    See all
    NewsHigh impact

    UK GDP grows 0.2% in September, Q3 up 0.7% and industrial output beats expectations

    The UK economy grew 0.2% in September, above the 0% forecast. Q3 growth of 0.7% and annual growth of 1.9% matched expectations, while industrial and manufacturing output rose.

    1 min read
    NewsHigh impact

    BoJ board member Asada: any further rate hikes should be cautious and gradual

    BoJ board member Asada says that with rates near neutral, further hikes would hit the economy harder and must be cautious. He is not entirely opposed to raising rates.

    2 min read
    NewsHigh impact

    Market sees 80–85% odds of Jensen Huang leaving Nvidia: would ousting him be a costly mistake?

    Market-implied odds of Huang's exit hit a record 85%, and Nvidia has lost $2.1 trillion in value since Oct 26. Some analysts argue removing him could be a mistake.

    2 min read