The Zhitong Finance App learned that on Wednesday, Nvidia (NVDA.US) rose nearly 4% before the market and is now reported at $174.88. Goldman Sachs pointed out that despite growing market concerns about the sustainability of investment in AI infrastructure, Nvidia's short-term fundamentals are still strong. Goldman Sachs expects Nvidia's revenue for the third fiscal quarter of fiscal year 2027 to be US$110.81 billion, slightly higher than market expectations; data center revenue of about US$102.51 billion, gross profit margin of 74.1%, higher than market expectations; and earnings per share of US$2.57, exceeding expectations by about 6%.

Goldman Sachs expects revenue for the fourth fiscal quarter to reach US$124.814 billion, with earnings per share of US$2.88, which is also about 6% higher than market expectations, mainly driven by improved profitability. Nvidia's 2028 revenue was $718.3 billion, with earnings per share of $16.70. Based on the stock prices listed in the research report, the expected price-earnings ratio for the 2027 natural year is about 11 times. The bank maintains a target price of $300, which corresponds to a potential increase of around 61%.

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