Goldman Sachs Urges Purchase of Nvidia Stock Amid Bullish Expectations
Goldman Sachs Recommends Nvidia Stock
Goldman Sachs has strongly endorsed buying Nvidia (NASDAQ: NVDA) stock ‘with conviction’ as analysts are optimistic about the upcoming earnings report. Despite previous uncertainties surrounding the sustainability of Nvidia's rise, the bank’s analyst, Toshiya Hari, projects significantly robust performance supported by operational leverage and growth in their data center.
Market Trends for Nvidia
- Recovery from early 2023 downturn.
- Current trading price at approximately $129.31.
- Upcoming earnings report scheduled for August 28.
Analysts from other firms also maintain a bullish stance on Nvidia, anticipating outperformance in earnings, which is expected to validate their growth narrative amid the booming AI demand.
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