Goldman Sachs defends Nvidia with $300 price target after AI selloff

The bank reaffirmed its Buy rating on the chipmaker as fears over regulation, borrowing costs and cloud spending rattled semiconductor stocks Goldman Sachs is not blinking. The bank reaffirmed its Buy rating on Nvidia and kept a $300 price target on the stock, even as a broad selloff swept through AI-linked names. The reaffirmation, updated in late October or early November 2026, lands after a rough stretch for chip stocks. What Goldman is standing behind Nvidia shares fell approximately 9% on November 5, 2026. The drop came as part of an industry-wide selloff, not a company-specific blowup. The worries driving that slide came in a few flavors. There were fears of potential regulatory hurdles. There were also concerns about elevated borrowing costs, which weighed on sentiment across the semiconductor industry. Regulatory uncertainty and financial pressure on major cloud operators stretched fears of a slowdown in data-center buildouts past the midterm elections. The $300 target itself is not new. The bank lifted it from $285 to $300 in August 2026, following what it viewed as strong fiscal Q2 2027 results from Nvidia. The numbers behind the bull case A big part of Goldman’s confiden...