Stocks
Nvidia Maintains Goldman Sachs' Confidence Despite Minor Dip
Nvidia's stock performance remains on Goldman Sachs' radar, as the bank maintains its Buy rating and price target of $285.
The chipmaker has been making headlines with a recent announcement of a $500 billion project in collaboration with partners. The production ramp-up for Rubin is expected to gain momentum in the second half of this year, which has investors keeping a close eye on the potential effects on CPU demand.
Nvidia shares closed at $217.50 on August 11, down 0.05% from the previous session. Despite this minor dip, Goldman Sachs remains optimistic about Nvidia's prospects under its current rating and target price.