Goldman Sees $98 Oil Through April, Nvidia Gross Margins Face Cost Pressure
Oil prices have surged with Goldman Sachs forecasting an average of $98 per barrel through April and a potential spike to $145 if Strait of Hormuz flows are disrupted for 60 days. Nvidia may struggle to meet Wall Street’s sky-high gross-margin estimates as higher oil-driven supply-chain costs squeeze profitability.
1. Oil Price Surge Drivers
Exploding ship images in the Strait of Hormuz and Iran’s warning of $200-per-barrel crude have pushed global oil prices sharply higher, raising supply risk concerns.
2. Goldman Sachs Forecasts
Goldman Sachs projects oil will average $98 per barrel through the end of April, while a 60-day disruption could drive prices to $145 before falling to $93 by year-end.
3. Nvidia Margin Pressure
Rising oil-driven shipping and logistics costs threaten Nvidia’s ability to hit current Wall Street gross-margin estimates, potentially eroding its profitability outlook.