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Goldman Sachs Takeaways from Meeting with NVIDIA (NVDA) Management, 'we expect positive EPS revisions to support continued outperformance'

July 15, 2024 6:47 AM EDT

Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $135.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Evolution in Gen AI models: discussing how Gen AI models could evolve over the medium- to long-term, Ms. Kress shared Nvidia's expectations for there to be a blend of a) models that exceed today's existing models in complexity (e.g. few trillion parameter models) as the industry increasingly transitions to multi-modal models that require audio- and/or video-based Training and Inference in... More