Goldman Sachs Boosts Nvidia Forecast as Google Cloud Posts 48% Q4 Revenue Surge
Goldman Sachs raised its Nvidia price target and boosted Q4 earnings forecasts ahead of the February results. Alphabet’s Google Cloud reported Q4 revenue of $17.7 billion (up 48% YoY) with operating income jumping 154%, indicating robust AI infrastructure demand that could benefit Nvidia GPU sales.
1. Goldman Sachs Revises Nvidia Forecast
Goldman Sachs updated its outlook ahead of Nvidia’s fiscal Q4 earnings, raising its 12-month price target and increasing EPS projections based on accelerating AI data-center chip orders and expanding gross margins observed in recent bookings.
2. Google Cloud Q4 Surge Highlights AI Capex
Alphabet’s cloud unit generated $17.7 billion in Q4 revenue, up 48% year-over-year, with operating income up 154%, underscoring strong enterprise AI infrastructure spending that may drive further Nvidia GPU adoption.