Goldman Sachs Reiterates Buy on NVIDIA with $200 PT Ahead of Earnings

Goldman Sachs analyst James Schneider reiterated a Buy rating on NVIDIA Corporation (NVDA) with a $200 price target ahead of its quarterly results. The firm expects a clean beat-and-raise quarter, with potential upside from a company update on revenue in China or gross margin outlook. NVIDIA specializes in AI-driven solutions for data centers, self-driving cars, robotics, and cloud services.

Goldman Sachs analyst James Schneider has reiterated a Buy rating on NVIDIA Corporation (NVDA) with a $200 price target ahead of the company's quarterly results. The firm expects a clean beat-and-raise quarter, with potential upside from a company update on revenue in China or gross margin outlook. NVIDIA specializes in AI-driven solutions for data centers, self-driving cars, robotics, and cloud services.

NVIDIA has seen a significant increase in stock price this year, with shares advancing nearly 34% in 2025. The company is expected to report its Q2 FY 2026 results on August 27 after the closing bell. Analysts polled by FactSet forecast earnings per share of $1 on revenue of $45.7 billion.

Schneider highlighted three key focal points for investors: the shape of the Blackwell ramp in the second half of the year, the timing of China’s H20 chip ramp, and potential gross margin benefits from previously reserved H20 inventory. Any potential upside could be driven by a company update on revenue in China or its gross margin outlook.

The semiconductor giant has demonstrated remarkable growth, with revenue surging 86% year-over-year. Goldman Sachs expects Nvidia to deliver a "clean beat-and-raise quarter," with stock reaction likely depending on the level of upside to guidance and any impact from China operations.

NVIDIA's earnings and revenue developments have been notable. Hon Hai (TW:2317) Precision Industry Co., Nvidia’s primary server assembly partner, reported a slowdown in sales growth for July. Additionally, two Chinese nationals were arrested in California for allegedly exporting Nvidia AI chips to China without the necessary U.S. government licenses. This illegal export involved tens of millions of dollars worth of advanced Nvidia chips.

Meanwhile, retail investors shifted to buying Nvidia shares in July, reversing their selling trend from June. These developments highlight significant movements and challenges for Nvidia in the current market landscape.

References:
[1] https://www.cnbc.com/2025/08/07/nvidia-gets-price-target-hike-from-goldman-sachs-ahead-of-earnings.html
[2] https://ca.investing.com/news/analyst-ratings/goldman-sachs-reiterates-buy-rating-on-nvidia-stock-amid-blackwell-ramp-93CH-4142613
[3] https://uk.finance.yahoo.com/news/goldman-sachs-reiterates-buy-nvidia-210256580.html
[4] https://finance.yahoo.com/news/goldman-sachs-reiterates-buy-nvidia-210256580.html
[5] https://www.nasdaq.com/articles/prediction-nvidia-stock-will-skyrocket-after-aug-27