Goldman Sachs says: buy nvidia now?
New York, Tuesday, 25 March 2025.
Nvidia’s stock receives a strong endorsement from Goldman Sachs, citing its AI market dominance. The investment firm highlights Nvidia as a top tech stock for 2025. Nvidia’s Q3 update showed a 94% surge in revenue to $35.1 billion. Net income reached over $19.3 billion. Data center revenue increased 112% year-over-year, hitting a record $30.8 billion. This growth cements Nvidia’s position. Some analysts have increased their price target to $185 per share.
Revised price targets
Goldman Sachs analyst Toshiya Hari adjusted the Nvidia target price to $150, maintaining a buy rating [3]. TipRanks data shows Hari’s recommendations have a 67.5% success rate [3]. His recommendations also show an average return of 27.4% over the past year [3]. Jefferies analyst Blayne Curtis increased his Nvidia price target by $35, setting it at $185 per share [2]. Cantor Fitzgerald anticipates significant acceleration in April-quarter revenues [2].
Blackwell chip production
Nvidia’s CEO, Jensen Huang, has announced the Blackwell Ultra chip for 2025 and the Rubin platform for 2026 [2]. Huang stated that Blackwell production is at full speed and the company will deliver more Blackwells this quarter than initially estimated [2]. Despite strong demand for Blackwell, supply constraints are expected to persist for several quarters into fiscal year 2026, according to CFO Colette Kress [2]. The company shipped 13,000 new Blackwell chips [2].
AI and fintech
Nvidia is collaborating with Amazon Web Services (AWS) to drive generative AI innovation in the fintech sector [5]. A webinar highlighted how EMEA fintechs are leveraging generative AI for digital transformation [5]. Key applications include risk management, fraud detection, AI chatbots, personalized recommendations, algorithmic trading, and model backtesting [5]. These advancements enable smarter data-driven decisions and enhanced customer experiences [5].
Market performance
Nvidia is considered one of the Magnificent Seven stocks, alongside Apple, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla [4]. Nvidia shares were up 0.66% in mid-afternoon trading to $146.85 [2]. The stock is up more than 195% for the year [2]. Nvidia has a market value of around $3.5 trillion [2]. Despite overall solid gains in 2024, performance for these mega-cap stocks has been mostly negative in the first two months of 2025 [4].