Goldman Sachs Boosts Nvidia Target Amid Strong AI Guidance

Goldman Sachs has lifted its price target for Nvidia, citing a robust earnings outlook that reflects the chipmaker’s dominant position in the AI market.

Investors are keenly awaiting Nvidia’s fiscal first‑quarter results, set to be released after the market close on Wednesday. The company’s revenue is projected to reach $79.15 billion, a sharp rise from the $44.1 billion reported in the same quarter a year earlier. Data‑center revenue, which drives the bulk of Nvidia’s earnings, is expected to hit $73.49 billion versus $39.1 billion last year.

Earnings per share are forecast at $1.78, up from $0.81 a year ago, while consensus revenue estimates sit at $87.2 billion for the quarter. These figures underscore the market’s confidence in Nvidia’s continued growth.

The stock has already surged over 15% year‑to‑date, closing at $220.61 on Tuesday and marking a 17% gain since the start of 2026. With a market cap of $5.3 trillion, a 6.5% swing in either direction—roughly a $350 billion shift—could occur after earnings, surpassing the average 3.16% post‑earnings move seen in the last four reports.

Analysts are watching for any updates on Nvidia’s competitive stance in the evolving AI race, its exposure to the Chinese market amid U.S. export restrictions, and the broader implications of U.S.–China relations. The company’s CEO, Jensen Huang, is expected to address these topics during the earnings call.

Goldman Sachs’ decision to raise its target reflects the firm’s optimism that Nvidia will continue to deliver “beat and raise” results, reinforcing its leadership in the AI chip arena.