Nvidia Stock Hits Record High Amid AI Sector Optimism

Goldman Sachs upgrades Nvidia's price target to $800, reflecting strong demand for AI servers and improved GPU supply.

Nvidia's stock reached a record high following Goldman Sachs' upgraded price target and continued optimism in the AI sector.
Goldman Sachs raised Nvidia's price target to $800, citing robust AI server demand and improving GPU supply.
Nvidia is set to report its fourth-quarter earnings for fiscal year 2024 on February 21, with high expectations from analysts.
Analysts highlight Nvidia's strong position in the AI chip market, outperforming rivals like AMD.
Nvidia's data center revenue is expected to grow consistently through the first half of 2025, driven by generative AI infrastructure spending.