Goldman Sachs sets Nvidia price target at $300, projects AI market to reach $3-4 trillion by 2030

Goldman Sachs maintained a buy rating on Nvidia with a 12-month price target of $300, representing a 34.1% upside from the September 9 closing price. The firm cited Nvidia's ecosystem scale and customer visibility as key advantages amid supply constraints in advanced packaging, wafers, and memory. Nvidia management reaffirmed expectations for approximately 70% year-over-year growth in CY27, while CEO Jensen Huang highlighted physical AI and autonomous driving as major future growth drivers.