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US Stocks Move | Nvidia (NVDA.US) up over 2%, Goldman Sachs: AI profits will continue to drive the US stock bull market

US Stocks Move | Nvidia (NVDA.US) up over 2%, Goldman Sachs: AI profits will continue to drive the US stock bull market

智通财经智通财经2026/08/03 15:01
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According to news from Zhitong Finance APP, on Monday, NVIDIA (NVDA.US) opened lower but quickly surged. As of press time, it is up more than 2%, trading at $205.57. In terms of news, despite recent sharp fluctuations in technology stocks and momentum assets sparking concerns in the market about an "AI speculation bubble burst," Ben Snider, Chief Strategist at Goldman Sachs, stated in his latest report that investors do not need to panic excessively. Goldman Sachs believes that the current pullback in U.S. stocks is a typical case of concentration squeeze and consolidation, and that exceptionally strong corporate earnings fundamentals remain the core engine supporting the U.S. stock bull market.
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