Goldman Sachs maintains Buy rating on Nvidia with $300 price target

Goldman Sachs reaffirmed its Buy rating on Nvidia (NVDA) on September 10, 2026, setting a 12-month price target of $300, representing a 34.1% upside from the September 9 closing price. Nvidia management reiterated at the Communacopia + Technology 2026 conference that the AI market is projected to reach $3 trillion to $4 trillion by 2030, driven by the shift from retrieval-based to generative computing. CEO Jensen Huang highlighted that Nvidia is capturing a larger share of AI capital expenditure by evolving into a system-level platform provider. While supply constraints persist across the supply chain, Nvidia maintains its expectation of approximately 70% year-over-year growth for CY27. The report also identifies physical AI, including autonomous driving and robotics, as the next major inflection point for the company.