Goldman Sachs reiterates a "buy" rating on Nvidia (NVDA.US) in view of AI infrastructure supply still lagging behind demand.
Goldman Sachs released a report stating that before nvidia (NVDA.US) disclosed its third quarter performance, the bank reiterated its "buy" rating and included it in the americas' "conviction buy" list. Although the bank expects that the first quarter performance to be disclosed by the company in April next year will be the truly "breakthrough" quarter, as it anticipates significant positive adjustments to earnings per share due to progress in Blackwell and improvements in the supply side conditions at that time. The bank believes that despite the ongoing controversy surrounding nvidia's customer return on investment (ROI) and its impact on future AI infrastructure capital expenditures, the positive earnings per share revisions by the company are expected to boost the stock.
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