TLDR
- Goldman Sachs analyst James Schneider reiterated a Buy rating on NVDA with a $285 price target, implying ~28% upside
- Nvidia unveiled RTX Spark at Computex, a premium PC platform built with Microsoft and Mediatek using the Blackwell GPU and Grace CPU
- Full-scale production of Nvidia’s Vera Rubin platform is underway, with Goldman expecting a faster revenue ramp than the previous Blackwell generation
- Nvidia stock slipped 0.69% on Tuesday but remains up ~18% year to date
- Wall Street’s average price target sits at $309.94, with a Strong Buy consensus from 38 Buys, 1 Hold, and 1 Sell
Nvidia’s Computex keynote gave Jensen Huang a lot of ground to cover — and Wall Street’s top analysts were taking notes.
Goldman Sachs analyst James Schneider, ranked in the top 2% on Wall Street, walked away from the keynote still firmly in the bull camp. He kept his Buy rating on Nvidia (NVDA) and held his $285 price target, pointing to what he calls a “positive catalyst path ahead” for the stock over the coming months. NVDA dipped 0.69% on Tuesday but is still up roughly 18% year to date.
The biggest announcement was RTX Spark, a new Windows-based PC platform aimed at AI-intensive workloads. Built with Microsoft and Mediatek, the platform pairs a Blackwell RTX GPU with a 20-core Grace CPU connected through NVLink. OEM partners including ASUS, Dell, HP, Lenovo, MSI, Acer, and Gigabyte are expected to ship systems this fall across laptops, desktops, and workstations.
Schneider sees this as a push into the premium end of the PC market, which could also help accelerate adoption of Windows on ARM — a platform that has struggled to gain traction despite years of effort from the industry.
It also puts Nvidia in more direct competition with Intel, AMD, Qualcomm, and Apple in a space where premium margins still hold up.
Vera Rubin Ramp Could Beat Expectations
Beyond PCs, the datacenter story remains the core of Goldman’s thesis.
Nvidia confirmed that full-scale production of its Vera Rubin platform is now underway. The system runs on an integrated stack that includes NVL72 GPU racks, Vera CPUs, Groq 3 LPUs, BlueField storage, and Spectrum-X networking. Huang said Rubin is built for agentic AI workloads and delivers up to 1.8x the performance of x86 systems, with roughly 10x the agent throughput of Blackwell.
Schneider’s take: the Rubin ramp starting in Q3 should be steeper than Blackwell’s was, thanks to manufacturing efficiencies and greater total capacity.
That’s a meaningful claim. If correct, it would mean faster revenue recognition and a stronger earnings trajectory heading into 2027.
What the Numbers Say
Goldman’s $285 target is bullish, but it’s not even the highest on the Street. The broader consensus sits at $309.94, with a Strong Buy rating built on 38 Buy calls, just one Hold, and one Sell.
Schneider also highlighted Nvidia’s cost and performance leadership in the datacenter as a key edge against rivals — particularly for customers where power, speed, networking, and deployment time all factor into total economics.
He noted this advantage should help Nvidia “maintain competitive dominance at all but the largest hyperscalers.”
On top of the hardware, Nvidia also unveiled updates to its open Cosmos frontier model — version 3 is designed to improve multimodal reasoning — along with Alpamayo v2, a reference model for autonomous driving.
Schneider flagged greater visibility into hyperscaler CapEx plans for 2027 as the next key catalyst to watch.
🚨 Our MAY Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for May, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Be the first to comment