高盛：维持英伟达“买入”评级，12个月目标价200美元

Core Viewpoint - Goldman Sachs indicates that Nvidia's latest earnings report and guidance for the next quarter, while solid and largely in line with Wall Street expectations, may still struggle to meet the previously high market expectations, potentially leading to downward pressure on its stock price [1] Summary by Relevant Categories Earnings Report - Nvidia's latest earnings report is described as robust and generally meeting Wall Street expectations [1] - The report reflects the growth potential from the new Blackwell architecture chips, which the market has largely priced in [1] Stock Rating and Price Target - Goldman Sachs maintains a "Buy" rating on Nvidia, setting a 12-month price target of $200 [1] - This target price is based on an estimated standardized earnings per share of $5.75 and a price-to-earnings (P/E) ratio of 35 [1] Key Risks - Four key downside risks are highlighted for investors: 1. Slowdown in AI infrastructure spending [1] 2. Increased competition leading to market share loss [1] 3. Competition resulting in margin erosion [1] 4. Supply chain constraints [1]