Goldman Sachs reaffirmed a bullish stance on Nvidia (NASDAQ:NVDA) ahead of the company’s earnings release, scheduled for Aug. 28.
Despite some concerns about the timing of the Blackwell GPU launch, the investment bank remains confident in Nvidia’s long-term growth trajectory, particularly driven by strong demand from cloud service providers (CSPs) and enterprises for artificial intelligence.
In a note written Sunday by analyst Toshiya Hari, Goldman Sachs expects Nvidia’s data center segment to be the primary driver of earnings outperformance this quarter. Despite any transitory headwinds from the Blackwell delay, the bank anticipates robust sequential revenue growth in this segment, fueled by continued demand for Hopper-based GPUs (H100, H200, and H20).
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