Overview

• Nvidia's stock has dropped 22% from its June 2024 high but is viewed as a buying opportunity by Goldman Sachs.
• The company's AI chip business is heavily reliant on a few major customers, raising concerns about revenue stability.
• Amazon and Apple are developing custom AI chips, challenging Nvidia's market dominance.
• Goldman Sachs remains confident in Nvidia's innovation and strong market position.
• Analysts highlight the importance of Nvidia maintaining its pricing power amidst growing competition.