NVIDIA delivered a robust second-quarter performance, with revenues amounting to $46.7 billion, slightly surpassing market forecasts. However, the deceleration in growth led to a more than 3% decline in the stock price during after-hours trading. The company projected a third-quarter revenue median of $54 billion, largely aligning with market predictions but lacking substantial highlights. Goldman Sachs' analysis highlighted that despite NVIDIA's stable results, the company struggles to meet the market's lofty expectations, potentially exerting short-term pressure on its stock price. Nonetheless, Goldman Sachs maintained its "Buy" rating for NVIDIA with a target price of $200. Moving ahead, market attention will center on customer demand, supply chain dynamics, new product introductions, advancements in China operations, and gross margin trends. Goldman Sachs further cautioned investors about four key risks: waning AI investments, intensified competition, margin erosion, and supply chain constraints.