Goldman Sachs Maintains $285 Price Target on Nvidia, Says Valuation Reflects ASIC Risk

According to BlockBeats, on July 7, Goldman Sachs maintained an overweight rating and $285 price target on Nvidia, saying the stock's current valuation already reflects risks from customers' custom ASIC chips and intensifying competition. Analyst James Schneider believes the risk discount is excessive and expects Nvidia to deliver strong revenue growth next year despite market share losses to custom chips.
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