Goldman Keeps Buy on Nvidia After Computex PC and Datacenter Push

Goldman Sachs reiterated a Buy rating and a $285 price target following Nvidia’s keynote at Computex in Taipei. The firm pointed to Nvidia’s push into premium laptops and desktops with RTX Spark and its Vera Rubin datacenter systems as contributors to revenue through 2027. Goldman analyst James Schneider described the stock as having ‘a positive catalyst path ahead’ into 2027 and beyond. Nvidia shares slipped 0.69% on Tuesday and remain about 18% higher year to date.

At the Taipei presentation, Chief Executive Jensen Huang outlined plans to expand Nvidia’s presence in personal computers while scaling its datacenter and machine-learning offerings. RTX Spark is presented as a platform for more powerful local computing on laptops and desktops, enabling advanced applications to run on devices rather than relying solely on cloud servers. The product places Nvidia in competition with Intel, AMD, Qualcomm and Apple in the premium-device segment. Goldman noted Nvidia’s collaboration with Microsoft could help accelerate adoption of Windows on ARM.

Vera Rubin is described by Nvidia as a full-stack datacenter offering moving into production. Systems are built around NVL72 racks and Vera CPUs and are integrated into what the company calls an ‘AI factory’ stack. For large cloud customers, Nvidia is selling complete systems that combine compute, networking and software rather than only individual chips. Goldman identified that combined package as an advantage for deployment speed and overall economics.

Goldman’s thesis rests in part on continued datacenter spending by hyperscalers. The firm highlighted performance and cost competitiveness in Nvidia’s data-center products, noting that power efficiency, speed, networking and software integration influence purchasing decisions by large cloud operators as much as raw chip price.

Goldman’s $285 target is below the broader analyst consensus near $310. The market consensus rating remains Strong Buy, based on 38 Buy ratings, one Hold and one Sell. Goldman’s 2027 earnings estimates run roughly 34% higher than Wall Street’s expectations.

Analysts and investors flagged risks tied to Nvidia’s valuation, which depends on sustained high growth. A slowdown in cloud capital expenditure or slower adoption of new products could affect results. Goldman said clearer guidance on hyperscalers’ 2027 capital spending plans could act as a catalyst for the stock.

In the coming months Nvidia will pursue orders and deployments for RTX Spark and Vera Rubin. The pace at which hyperscalers and PC makers adopt those products will affect Nvidia’s revenue profile into 2027.