Goldman Sachs and Nvidia (NVDA.US) top management hold an investor conference, where they gained a better understanding of the company's competitive moat and the impact of the increasing complexity of artificial intelligence reasoning work and future computing demands.
The firm raised its revenue and non-GAAP earnings per share forecasts for the company for the fiscal years 2026 and 2027 by an average of 7% and 8%, reflecting recent industry developments, including increased capital expenditures in cloud computing, strong trends in orders from major artificial intelligence server companies, and an improved outlook for Taiwan Semiconductor (TSM.US) CoWoS (chip-on-wafer-on-substrate) technology.
The firm's latest non-GAAP earnings per share forecast for the company's fiscal year 2026 is 14% higher than the market consensus. The firm reiterated a 'buy' rating for Nvidia and retained it on the conviction buy list, raising the target price from $135 to $150.
