Investing Ideas

Nvidia will Surge Another 22%, and is Still Cheap Compared to Peers Despite Nearly Doubling this Year, Goldman Sachs Says

Nvidia (NVDA) stock still has plenty of upside even after its year-to-date rally of 81%, according to a Tuesday note from Goldman Sachs.

The bank raised its Nvidia price target to $1,100 from $1,000, representing potential upside of 22% from current levels.

According to Goldman, Nvidia stock still trades at a relatively attractive valuation compared to its peers given how quickly it is growing and how durable those growth trends look in the coming years.

Those investments should power continued revenue and profit growth at Nvidia, especially with its next-generation Blackwell AI chip set to be released later this year. Nvidia will report its earnings results on May 22 after the market close.

Investing Ideas

As EV Adoption Stalls Due To 'Chicken And The Egg' Situation, Hybrids Race Ahead

In recent months, consumer preferences and OEM investments have shifted from electric vehicles (EVs) towards hybrids as a bridge solution.

U.S. Economy

Federal Reserve Hints at Rate Hike Amid Inflation Concerns; U.S. Home Sales Decline

The Fed may consider raising interest rates if inflation accelerates, according to minutes from the last meeting.


Japan's Economy Skids, Clouding BoJ's Rate Hike Plans

Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero.