NVDA
Another day, another Nvidia upgrade
Nvidia just did what Nvidia does: post a ridiculous quarter, then watch Wall Street respond by asking for more. Goldman Sachs raised its 12-month price target to $285 from $250 and kept a Buy rating, saying the stock still has room to run even after a huge earnings beat.
The numbers are doing the heavy lifting
The quarter itself was the kind of thing that makes other S&P 500 CEOs quietly recheck their own spreadsheets. Revenue came in at $81.6 billion, Data Center sales jumped 92% to a record $75.2 billion, and second-quarter guidance landed at $91 billion — nearly $5 billion above expectations, and that was before any China contribution got tossed into the mix.
Goldman’s bigger point isn’t just that Nvidia crushed the print. It’s that the gap between the company’s fundamentals and the stock’s reaction may still be wide enough to matter. The firm now sees fiscal 2027 revenue at $410.9 billion and fiscal 2028 at $635.1 billion, both above its prior model. Translation: the AI party might not be over, and the caterer is still taking orders.
Why this matters for your portfolio
Goldman is leaning on two big ideas:
- hyperscaler capex keeps surprising to the upside, which feeds Nvidia’s growth machine
- Nvidia’s capital return story is getting more shareholder-friendly, thanks to an $80 billion buyback authorization on top of what was already left in the tank
That combination is a pretty loud signal. The market may have already priced in a lot of perfection, but the Street keeps moving its target higher anyway. Big picture: when Nvidia keeps beating estimates and analysts still upgrade the upside, you’re not just watching a chip stock — you’re watching the market’s favorite AI barometer keep stretching the scoreboard.