Nvidia rises 1.6% premarket as Goldman maintains $300 target

Cointime reports: Nvidia shares rose 1.6% to $181.59 in premarket trading on November 10 after Goldman Sachs said in a November 9 research note that the chipmaker’s near-term fundamentals remain strong despite growing concerns over the sustainability of AI infrastructure spending. Goldman forecasts fiscal 2027 third-quarter revenue of $110.081 billion, data center revenue of about $102.551 billion, a 74.1% gross margin and EPS of $2.57, roughly 6% above consensus. It kept its $300 price target, implying about 61% upside.