Woofun AI reports that Goldman Sachs has maintained a "Buy" rating on NVIDIA with a $285 price target, asserting that the current stock valuation fully incorporates risks associated with market share erosion from in-house AI chip development and rising competition.

Analyst James Schneider argues that the risk discount applied to NVIDIA is excessive, projecting robust revenue growth for the coming year even if ASICs capture incremental business. The upcoming mass production of the Vera Rubin platform in the second half of the year remains critical for widening the performance gap against competitors like AMD and Intel.