Entering 2025, the US stock market had high hopes, specifically around a budding technology sector. However, with geopolitical uncertainty and economic fragility ruling the day, things have not gone as planned. So, with the recent decline that has affected companies like Nvidia (NVDA), is the AI chipmaker still a top 5 tech stock, according to Goldman Sachs?

The company was among the most dominant in 2024, increasing in value by more than 170% before the year came to an end. Moreover, its necessity amid the growing AI industry has led many to believe that it is just the beginning. That has not saved it from massive sell-offs that have taken place this year, leaving many traders worried about the future of the company’s stock.

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Nvidia Falls Yet Again: Is It Still a Top 5 Tech Stock in 2025?

Despite its incredible performance last year, Nvidia has struggled over the last two months. Early Tuesday, the stock had fallen more than 4.3%, continuing its 12% drop over the last 30 days. Trading at a $115 value, the stock is down more than 16% year to date.

However, that shouldn’t limit the incredible trajectory that the stock is currently on. Indeed, with AI still driving significant demand, there is a belief that the company could be set for a massive turnaround in the near future. So, does that ensure Nvidia (NVDA) is a top 5 tech stock to Goldman Sachs in 2025?

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One look at the firm’s US technology opportunities equity portfolio gives a clear answer. In a report from Insider Monkey, it was revealed that Nvidia still remained within the top 5 with 193 hedge fund owners to date. A key part of believing in its potential is the expansions it’s made this year.

The company backed CoreWeave, an AI cloud services provider that filed for an IPO. That endeavor is expected to raise $4 billion and ensure the states of Nvidia are atop the AI and AI-cloud-based computing sector.

Although headwinds have limited gains this year, the majority of analysts are still bullish. The stock has a consensus price target of $174, with 93% buy ratings. Moreover, its past performance has undoubtedly encouraged belief in the asset. In the last five years, the stock’s return has stood at a remarkable 2,115%.