Goldman Sachs Affirms Nvidia Buy Despite Market Concerns

Analysts see potential in broader AI demand, but custom silicon and pricing pressures pose risks.

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.