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Goldman Sachs: NVIDIA's profit forecast has great potential for improvement. According to a research report released by Goldman Sachs, its research team attended a group meeting with NVIDIA CEO Huang Renxun during the 2024 Taipei International Computer Show. Huang Renxun presented his views on various topics at the meeting, including the continuous transformation of accelerated computing, Nvidia's positioning as an accelerated computing platform provider, the company's scale advantage, and the sustainability of the supply chain. Goldman Sachs has set a target price of $1200 for Nvidia and reiterated its buy rating for the company. The bank still believes that the company is an industry standard and a key driver of accelerated computing required for the development and deployment of generative artificial intelligence, and believes that there is great potential for improvement in the company's profit forecast.
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