Nvidia Stock Advances 3% Ahead of Earnings Report
NVIDIA Corporation, NVDANvidia Stock Rises as Goldman Backs $250 target Goldman Sachs reaffirmed its Buy rating on Nvidia and kept a $250 price target on the shares. The bank said demand for data center products continues to support upside potential. It also stated that investors may focus on the possible upside to Nvidias $1 trillion data center guidance. The firm expects a “beat-and-raise” quarter based on current supply and demand trends. However, it said expectations remain high, setting a strong bar for further gains. Goldman added that valuation could improve if hyperscalers show stronger profitability and broader enterprise adoption increases. The bank also cited opportunities linked to agentic systems and server central processing units. It said these trends could expand Nvidias reach beyond traditional large-scale buyers. The company will release its quarterly earnings results later this month. AI Spending Plans Support Nvidia Stock Outlook Large technology companies recently increased capital expenditure forecasts for 2026. Alphabet, Amazon, Meta Platforms, and Microsoft raised combined spending projections to about $725 billion. Analysts at Bank of America and Evercore estimate total capital expenditure could exceed $1 trillion by 2027. This level of spending supports continued demand for Nvidias graphics processing units. These chips remain central to artificial intelligence workloads in