Goldman Sachs raised its price target for AMD to $640 and for Qualcomm to $180.
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Goldman Sachs raised the target prices of several chip and memory concept stocks.
According to BlockBeats, on July 6th, Goldman Sachs raised its target prices for several stocks in the semiconductor and memory sectors: AMD's target price was raised from $450 to $640, with a "buy" rating reiterated; Qualcomm's target price was raised from $145 to $180; Western Digital's target price was significantly raised from $400 to $650; and SanDisk's target price was raised from $1200 to $2200.
Goldman Sachs maintains Nvidia's $285 price target, valuation already reflects ASIC market share risk.
According to BlockBeats, on July 7th, Goldman Sachs maintained its "Buy" rating and $285 price target for Nvidia, stating that the stock's current valuation already largely reflects the risk of market share loss due to its self-developed AI chips and increased competition. Nvidia has recently underperformed the broader semiconductor sector. While chip stocks generally rebounded on Monday, Nvidia's gains were limited; year-to-date, its performance has also significantly lagged behind AI hardware companies like Micron, AMD, Intel, and Marvell. The main market concern is that major customers like Alphabet and Amazon are pushing their self-developed ASIC chips to third parties while still purchasing Nvidia GPUs. Meanwhile, increased CPU investment in AI workloads is also giving AMD and Intel more growth opportunities. However, Goldman Sachs analyst James Schneider believes that Nvidia's risk discount is already too large. He expects that even with some market share gained by ASICs and some incremental growth from competitors, Nvidia's revenue could still achieve strong growth next year. The Vera Rubin platform, which will enter mass production in the second half of the year, will be key to determining whether the company can widen the performance gap again.
Goldman Sachs raises target prices for Bank of America and Citigroup.
According to Odaily Odaily, Goldman Sachs raised its price target for Bank of America from $65 to $71 and its price target for Citigroup from $149 to $162.
Goldman Sachs: Demand continues to far exceed supply; raises TSMC ADR target price to $600
According to Mars Finance, Goldman Sachs raised its 12-month target price for TSMC from NT$2,750 to NT$3,000 ahead of the company's second-quarter earnings release. The target price for TSMC's ADRs was also raised from US$550 to US$600, with a reiterated "Buy" rating and maintained a PE ratio of 22x based on the company's estimated 2027 EPS. Goldman Sachs believes that demand for AI and high-performance computing (HPC) has been a structural growth engine for TSMC for many years. Last quarter, the bank observed even stronger momentum in 2027, particularly from demand for AI accelerators and server CPUs, with demand continuing to far exceed supply in both advanced process nodes and advanced packaging. Goldman Sachs expects TSMC to further accelerate its capacity expansion and capital expenditures, while continued productivity improvements and strategic pricing will drive gross margins towards a structurally higher trajectory in 2027 and beyond. (Cailian Press)
Goldman Sachs maintains its "Buy" rating on MiniMax with a target price of HK$860.
According to BlockBeats, on July 4th, Goldman Sachs maintained its "Buy" rating on MiniMax with a target price of HK$860. In its report, Goldman Sachs stated that the MiniMax M3 model, priced the same as the M2.7, boasts over 2x improved inference efficiency through upgraded training and inference architecture, more than offsetting the cost increase from doubling the model parameters. This week, DeepSeek announced that the official version of V4 is scheduled to launch in mid-July, simultaneously implementing a time-based pricing mechanism, with peak-hour prices doubled. Goldman Sachs believes that DeepSeek's price increase indirectly confirms the high cost-effectiveness of the MiniMax M3. The upcoming release of larger versions of the M3 series and the H3 video model are also seen as catalysts for the next stage.
Goldman Sachs: South Korean stocks are expected to see a broad-based rally in the second half of the year; maintains KOSPI target of 12,000 points.
According to Mars Finance, on July 6th, Goldman Sachs released a new research report stating that the upward trend in the South Korean stock market in the second half of the year is expected to spread from AI storage leaders such as Samsung Electronics and SK Hynix to more sectors including energy, raw materials, and industrial manufacturing. Overseas funds are gradually positioning themselves in the upstream and downstream of the AI industry chain and other independent investment opportunities. Regarding market concerns about a bubble in the South Korean stock market, Goldman Sachs believes that the current increase in margin balances is mainly due to the growth of leveraged ETF net asset value, rather than new borrowing by investors. South Korean residents' assets are still mainly in real estate, cash, and overseas stocks, and the domestic stock market still has room for incremental capital inflows. Goldman Sachs predicts that South Korean companies' overall net profit will increase by approximately 320% year-on-year in 2026 and will maintain a growth rate of approximately 35% in 2027. It maintains its 12-month target of 12,000 points for the Korea Composite Stock Price Index (KOSPI), representing an upside of over 20% from current levels, but expects increased market volatility in the future.