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Goldman Reiterates Conviction Buy Rating on NVIDIA (NVDA), Succinctly Recaps Huang Comments at Conference: 'key provider to essentially all CSPs (+ other companies) developing AI'
September 11, 2024 1:00 PM EDTGoldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $135.00 price target on NVIDIA (NASDAQ: NVDA)
The analyst comments "1) Accelerated Computing: Mr. Huang highlighted his long-held view that Moore's Law was no longer delivering the rate of innovation it had in the past and, as such, was driving computation inflation in Data Centers. Further, he noted that the densification and acceleration of the $1 trillion data center infrastructure installed base alone would drive growth over the next 10 years, as it would deliver material performance improvement and/or cost savings. 2)... More
