Goldman Sachs added NVIDIA Corp (NASDAQ: NVDA) to its conviction list on Monday, calling it the main "shovel provider" in the AI gold rush.
What To Know: Nvidia shares were getting a lift from Goldman Sachs' positive commentary on the chipmaker's positioning in the AI space. The analyst firm believed Nvidia is positioned to take advantage of broadening demand as supply dynamics continue to improve.
"Look for NVDA to maintain its status as the accelerated computing industry standard for the foreseeable future given its competitive moat and the urgency with which customers are developing and deploying increasingly complex AI models," Goldman analyst Toshiya Hari said in a new ...