Goldman Sachs

Goldman Sachs: NVL8 28x more compute compared to A100 for 3.7x more power. The result? 87% less power per petaflop $NVDA

What does it take to build a humanoid robot that can walk without falling? Dropbear recorded 128 walking tests with zero falls. But every test ran in simulation, with external pushes turned off. Developed by Hyperspawn and Point Blank,…

Humanoid robot market: $5.41B in 2026 → $50.27B by 2035. That’s a projected CAGR of 28.1%. Asia-Pacific held 42.6% of the market in 2025, ahead of North America at 29.3%. Key application areas include manufacturing logistics healthcare and…

$SPY rose about 0.2% today to around $768, bouncing from an early low of $764.25 as the Dow led and tech lagged. Here are the top stories you need to know. 1. South Korean neocloud Elice plunged 32% in its trading debut, dragging the KOSPI…

$SPY rose 0.48% to $766.91 today, with AI and chip stocks leading a bounce after last week's selloff. Here are the top stories you need to know. 1. Chip stocks bounced back as the Philadelphia Semiconductor Index rose about 2% to snap an…

Goldman Sachs estimates Microsoft will scale to ~40 GW of capacity by mid 2030. $MSFT https://t.co/KOx7K5tG6p

A £2 billion data centre site in Loughton, Essex was supposed to go live in 2027 with roughly 23,000 Nvidia chips inside it. This week it came out that Microsoft walked away from its anchor tenant commitment there, and the reason has…

Goldman Sachs has raised the global servers TAM by 31%/45% in 2027/28E to ~$1.1 trillion and ~$1.6 trillion, respectively. New AI servers shipment forecasts imply AI chip demand of 18m/29m/38m in 2026-28E. $DELL $HPE $NVDA $AMD $GOOGL…

Memory stocks just lost about $738 BILLION in market value. According to Goldman Sachs, shares of the major memory makers fell between 11% and 26% after China's CXMT announced its new DRAM cell architecture. SK Hynix fell about 25%.…

A good read going into the different layers of the AI supply chain. Do check it out! https://t.co/CWnAbgqtDj https://t.co/Ar3ZkRav0g

All OCP talks are posted on Youtube. That is incredible! Many many videos. https://t.co/RfmlGToiyt https://t.co/EF0J4HYraz

Goldman Sachs: We see a potential TAM for HBF of ~$40 billion to $150 billion at a GPU adoption rate of 15%-50% by 2030 given the rapid proliferation of read-heavy and memory-intensive AI inference workloads - despite potential challenges…

AI hardware just got so expensive that Wall Street has to step in, with over $90 BILLION in new debt to buy chips. According to the Wall Street Journal, Broadcom is seeking more than $50 billion to fund its custom AI chips for OpenAI.…

Goldman Sachs is now forecasting a 4.9 percent DRAM undersupply for 2026, and the mechanism behind that number matters more than the headline. Samsung, SK Hynix, and Micron aren't short on fab capacity. They're reallocating it. HBM for AI…

SK hynix paid $8.8 BILLION for Intel's NAND business in 2021 and now it could be worth over 10x that. According to Korean media, Solidigm has reportedly picked Goldman Sachs and Morgan Stanley to lead a United States IPO at a valuation…

Every Robotaxi and Optimus bot needs memory to turn AI models into real-world action. As Tesla scales production, locking down that memory supply is becoming a critical pillar of its manufacturing strategy—and that’s precisely why Terafab…

Goldman Sachs: Nvidia B300 AIDC can generate a gross ROIC of 43% per 1GW, compared to 7% for the Huawei 910C. $NVDA

Goldman Sachs: Samsung Electronics' HBM revenue is projected to increase to $81 billion in 2027 (+321% YoY). Blended HBM average selling prices are estimated to exceed $4/GB, representing a 159% YoY increase. Incredible growth in HBM...…

Broadcom is reportedly arranging more than fifty billion dollars in financing so OpenAI can buy chips Broadcom hasn't finished building yet. Apollo and Blackstone are the lenders in the room, the same pair behind Broadcom's $35 billion…

SpaceX has deployed approximately 1.0 million Nvidia GPUs across its Colossus I and Colossus II datacenters, expanding total operational compute to 1.81 GW by late September 2026, according to Goldman Sachs. $SPCX $NVDA…

Goldman Sachs: AI server power supply chain $VRT $ADI $TXN $ETN $STM

Goldman Sachs: Server Market Overall Server Market Projections > Market Expansion: The overall global data center server market is expected to grow to $1.5 trillion by 2030, driven by a 5-year CAGR of 39%. > AI vs. Traditional Growth: AI…

Breaking: Nscale just filed to IPO under $NSCL Backed by Nvidia, the AI data center company plans to list on the NYSE with Microsoft as a major customer • +1,252% revenue growth to $140.6M in 2026 • $56.4B contracted backlog • $45B…

Goldman Sachs: HBM Pricing Following discussions with investors in Toronto, Boston, New York, and San Francisco, Goldman Sachs found that North American investors are generally more optimistic about memory than Asian investors. Goldman…

Goldman Sachs: Nvidia 800VDC expert call takeaways 800VDC adoption is progressing slower than expected, with the technology still in its infancy. In 2030, 800VDC architecture is expected to account for 21% of new datacenters in the US…

Goldman Sachs: Humanoids > Global humanoid robot sales in 2035 are expected to reach 648 million units, about 4.7x more than the previous forecast of 138 million units. > Market size outlook has also increased by about 3.6x from about $38…

Goldman Sachs: Humanoids > Global humanoid robot sales in 2035 are expected to reach 648 million units, about 4.7x more than the previous forecast of 138 million units. > Market size outlook has also increased by about 3.6x from about $3.8…

Goldman Sachs says that optical companies they spoke to on their Asia tour are saying AI investment is in the "early stages" and that it will be a 10-20 year cycle with some customers already planning for beyond 2030. Demand for next 2-5…

Goldman Sachs: companies we visited see pricing competition remaining healthy, with 800G optical module pricing decline within single digits in 2027, and 1.6T optical module price to sustain at $700+. $COHR $LITE $AAOI $MTSI

Goldman Sachs just revised its humanoid robotics outlook significantly higher. 6.5 million units by 2035. A market approaching $140 billion. Manufacturing and logistics leading early deployment. The important part is how quickly the…

Goldman Sachs has forecasted ~$276 billion in revenue for Micron in FY28, up from ~$131 billion in FY26. $MU $DRAM $DISK $EWY https://t.co/5y0fuGITyS

Here are some of the important takeaways from Goldman Sachs Communacopia + Technology Conference 2026 and Citi’s 2026 Global TMT Conference this week: > Demand for AI compute, infrastructure, and hardware is described as vastly outpacing…

Here are some of the important takeaways from Goldman Sachs Communacopia + Technology Conference 2026 and Citi’s 2026 Global TMT Conference this week: > Demand for AI compute, infrastructure, and hardware is described as vastly outpacing…

Day 3 Takeaways | Goldman Sachs Communacopia + Technology Conference 2026 and Citi’s 2026 Global TMT Conference Companies in this article include: Nvidia $NVDA Credo Technology $CRDO Super Micro Computer $SMCI Penguin Solutions $PENG…

Day 2 Takeaways | Goldman Sachs Communacopia + Technology Conference 2026 and Citi’s 2026 Global TMT Conference Companies I covered include: Amkor Technology $AMKR Microsoft $MSFT Sandisk $SNDK NXP Semiconductor $NXPI Dell Technologies…

Goldman Sachs: expect rack-level AI servers powered by Nvidia at 50k/92k/148k racks in 2026-28E, and AMD at 5k/13k/15k units in 2026-28E. Almost 10x more racks than AMD by Nvidia in 2028 🔥 $NVDA $AMD

Just some notes from $NBIS fireside chat at Goldman Sachs Tech Conference: TLDR: Yep, it's bullish. 1. Order book extends into H1 2028 which is 2 quarters further out than at Q2 ER. Arkady said "people are demanding tens of thousands of…

No AI ❌️ used. I listen to all of the conversations carefully and take notes. I will be sharing Day 2 takeaways from the conferences hosted by Goldman Sachs and Citi for all paid subscribers on X and substack. Join if you want to get in…

CXMT at their earnings conference did not respond to the news of AI chip companies testing their HBM3E sample. It is also indicated by Goldman Sachs that CXMT's HBM revenue will increase from 2% in 2026 to 27% in 2030. However, an analyst…

Robotics forecasts exploded because multiple technologies are all converging at the same time (Save this). Goldman Sachs raised its 2035 humanoid shipment forecast from 1.38 million units to 6.48 million, a 4.7x revision. Average unit…

Day 1 Takeaways | Goldman Sachs Communacopia + Technology Conference 2026 and Citi’s 2026 Global TMT Conference Companies I covered include: Arista Networks $ANET Qualcomm $QCOM Alphabet $GOOGL Vertiv $VRT Cisco $CSCO Broadcom $AVGO…

Goldman Sachs: ASICs to account for 50%/52%/55% of total AI chips in 2026/27/28E. $GOOGL $AMZN $MSFT $META

A far more reasonable estimate from Goldman Sachs on Chinese AI chip shipments. 5.9 million in 2026, 21.2 million in 2028, and 39.2 million in 2030. Compared to J.P. Morgan with only 5 million by 2028. 2026E–2030E CAGR: ~60.5%

Optics is one of the strongest parts of the AI buildout, because every new GPU cluster needs far more high speed connections than the last one (Save this). The table shows global optical module shipments rising from 449,492 thousand units…

Goldman Sachs is estimating global server revenue to reach ~$1.1 trillion in 2028, with majority of the revenue coming from NVL72 racks. $NVDA $DELL $HPE $SMCI https://t.co/pGooFvAVd4

Token usage is exploding and the amount of compute needed to keep up is getting ridiculous (Save this). The Evercore ISI chart shows annual token usage rising from almost nothing in 2024 to roughly 4,000 quadrillion tokens per year by…

Goldman Sachs has Samsung Electronics reaching over 1 trillion KRW revenue in 2028E, or ~$785 billion. Revenue CAGR +47% 2025-2028. $MU $DRAM $DISK $SKHY $EWY https://t.co/2MspvvelEI

We need more compute than ever before because AI is moving into the everyday operations of ordinary businesses (Save this). The chart shows that 22.4% of firms are already using AI in their regular business functions, while another 25.9%…

Token usage just went vertical, and the power grid is not ready for it (Save this). This chart shows that agentic token usage on OpenRouter rose from roughly 0.51 trillion tokens on February to about 7.3 trillion by Augustwhich is a…

Breaking: Tesla is plunging today after NHTSA opened a formal audit into its new Cybercab robotaxi, which has no steering wheel, pedals, or mirrors Goldman Sachs disclosed a Tesla stake in Q3 2010 and still holds $TSLA has lost…

South Korea Tech Companies' Exports/Imports (Goldman Sachs) Korean memory exports dropped in July, before reaching all-time highs in August—SK hynix, Samsung and co. are selling ~4x more than 2025. TLDR: Memory stocks down, memory exports…

French robotics maker Wandercraft is reportedly working with Goldman Sachs to raise €100M at a €750M pre-money valuation. With backing from Renault—which plans to deploy 350 Calvin humanoids by late 2027—Europe’s industrial robotics…

Goldman Sachs: Humanoids and memory Memory is expected to be up to 40% of semiconductor dollar content for humanoid robots (excluding GPU/CPUs). Goldman Sachs: Although content can vary, we assume an average system (DRAM) memory of about…

A robot built by Beijing's X-Humanoid ran 100 meters in 9.39 seconds on Saturday. Bolt's record is 9.58. Elsewhere at those games, robots tripped, came apart, and one caught fire. Everyone is quoting the one that caught fire. That is not…