Goldman Sachs: NVIDIA Physical AI revenue reaches $11 billion, exceeding the full previous fiscal year by approximately 30%

Goldman Sachs assesses that AI deployment remains on track, with physical AI revenue diversifying. Supply chain capacity expansion points to a CPU ramp exceeding prior expectations. The firm maintains a Buy rating with a $300 target price, representing 38.6% upside from the Oct 20 closing price of $216.47; roughly $235 billion has been authorized for share buybacks. We recommend focusing on the scaling of physical AI revenue and supply chain delivery progress.