Goldman Sachs Keeps Nvidia at Buy, Maintains $285 Price Target

Goldman Sachs maintained its Buy rating on Nvidia and left its price target unchanged at $285.

BlockBeats reported on August 12 that Goldman Sachs reiterated its Buy rating on the chipmaker and maintained the $285 target price.

The bank said investors are focused on Nvidia's recently announced $500 billion project with partners, a production ramp-up for Rubin in the second half of this year, and the potential effect of artificial intelligence agents on CPU demand.

Nvidia shares closed at $217.50 on August 11, down 0.05% from the previous session.