Nvidia will surge another 22%, and is still cheap compared to peers despite nearly doubling this year, Goldman Sachs says

Goldman Sachs predicts a 22% increase in Nvidia's stock value, despite its 81% rise this year, setting a new price target of $1,100. The firm highlights Nvidia's relatively low valuation compared to its rapid growth and the tech sector's robust AI infrastructure spending. Notably, Nvidia is expected to continue benefiting from increased investments in AI, with its next-generation Blackwell AI chip anticipated later this year.