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2025-11-20 11:15:25 Goldman Sachs, in its report, predicted NVIDIA's (NVDA.US) stock to trade higher, given results in the last quarter and guidance for the current quarter that beat market expectations, and against relatively balanced expectations heading into the quarter. Goldman rated NVIDIA at Buy with a target price of US$240. NVIDIA's revenue for the third quarter ending in late October was US$57 billion, way above Goldman Sachs' estimate of US$55.6 billion and the market expectation of US$55.4 billion. The GM was 73.6%, between Goldman Sachs' estimate of 73.5% and the market expectation of 73.7%. NVIDIA provided a midpoint revenue guidance of US$65 billion for the fourth quarter ending in late January, well above Goldman Sachs' estimate of US$63.2 billion and the market consensus of US$62.4 billion. The non-GAAP GM guidance of 75% also exceeded Goldman Sachs' estimate of 74.4% and the market expectation of 74.5%. Goldman Sachs believed that NVIDIA's fourth-quarter data center business guidance indicates a robust AI capex environment, which bodes well for semiconductor stocks covered by the broker, including Broadcom (AVGO.US) and AMD (AMD.US), while the positive impact on Marvell (MRVL.US) and Arm (ARM.US) is relatively smaller. ~ AASTOCKS Financial News Website: www.aastocks.com | |