Goldman Sachs maintained its Buy rating on Nvidia and its $300 price target despite the stock falling approximately 9% on November 5, 2026. The decline followed a sector-wide selloff driven by regulatory uncertainty, elevated borrowing costs and concerns about possible slower cloud infrastructure spending after the midterm elections. Nvidia had raised its revenue-growth forecast for fiscal 2027 to 70%, while Goldman Sachs expects hyperscaler capital expenditure to reach $800 billion in 2026. The bank estimates that the AI market could expand to $3 trillion to $4 trillion by 2030 and also set price targets of $640 for AMD, $540 for Broadcom and $1,250 for Micron.
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