Nvidia and Intel Stocks Rise Amid Trump Comments and Goldman Sachs Bullish Note

Nvidia (NVDA) shares rose in pre-market trading after US President Donald Trump suggested that US-based chipmakers could be exempt from new tariffs. Goldman Sachs raised its price target on Nvidia to $200 from $185, and Trump called for the resignation of Intel CEO Lip-Bu Tan, citing "highly conflicted" leadership. Intel shares were steady ahead of the US opening bell.

Title: Nvidia Shares Rise Amidst Pre-Market Bullishness and Intel CEO Controversy

July 02, 2025

Nvidia (NVDA) shares surged in pre-market trading following a positive outlook from Goldman Sachs and a potential exemption from new tariffs suggested by US President Donald Trump. The chipmaker's stock gained 1% ahead of its earnings report, scheduled for August 27. Meanwhile, Intel (INTC) shares remained steady as the company faced criticism from Trump over the CEO's alleged ties to China.

Goldman Sachs raised its price target on Nvidia to $200 per share from $185, reflecting a 11% upside from the previous close [1]. The investment bank's analyst, James Schneider, expects a "clean beat-and-raise quarter" for Nvidia, with the stock's reaction hinging on the company's guidance and potential updates from China. Schneider highlighted three key focal points for the earnings call: the rollout of the Blackwell chip in the second half of the year, the timing of China's H20 ramp, and any gross margin benefits from previously reserved H20 inventory [1].

Nvidia's stock has already climbed nearly 34% in 2025, and the company's earnings call is expected to focus on its performance in China and gross margins [1]. FactSet analysts forecast earnings per share of $1 on revenue of $45.7 billion [2].

In a separate development, President Trump called for the resignation of Intel CEO Lip-Bu Tan, citing "highly conflicted" leadership. The president accused Tan of having problematic ties to China, referring to his alleged investments in companies linked to the Chinese military [3]. Intel shares fell more than 1.8% in morning trading after the attack from Trump [3]. Despite the controversy, Intel's shares remained steady ahead of the US opening bell.

Trump's suggestion that US-based chipmakers could be exempt from new tariffs may have contributed to the positive sentiment around Nvidia's stock. The broader chip sector also rallied on Thursday as traders bet that chipmakers with deeper US investments would be better protected from the president's semiconductor tariffs [2].

Nvidia and other chipmakers are expected to continue reporting earnings in the coming weeks, with investors closely watching for updates on their operations and guidance for the future.

References:

[1] https://www.cnbc.com/2025/08/07/nvidia-gets-price-target-hike-from-goldman-sachs-ahead-of-earnings.html
[2] https://www.cryptopolitan.com/goldman-sachs-raises-nvidia-price-target/
[3] https://www.bbc.com/news/articles/c70x6602pdyo