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Market cap evaporated $400 billion in one week! Goldman Sachs exclaimed: Nvidia is being "overly" sold off.
Although nvidia stocks have been sold off, goldman sachs' chief analyst, Toshiya Hari, still maintains a buy rating on this chip giant. Goldman sachs analysts believe that nvidia is the preferred choice in the commercial chip sector.
Goldman Sachs: Nvidia's sell-off "has gone too far," and "calculating short-term cost returns is futile" during a major technological transformation period.
Goldman Sachs believes that the key is long-term game, and it is expected that by the second half of 2025, generative artificial intelligence will begin to make substantial contributions to the industry's growth.
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