Chinese Competitors to Meta's AI Glasses Are Increasing. Here's How Goldman is Capitalizing on the Trend.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 26 2025
0mins
Should l Buy GSBD?
Source: CNBC
Meta's Influence on Smart Glasses Market: Meta Platforms has demonstrated demand for smart glasses, prompting Alibaba to launch its own Quark AI Glasses in China, priced at $660, with presales starting just before the Singles Day shopping event.
Features and Competitors: Alibaba's glasses will include hands-free calling, music streaming, real-time language translation, and meeting transcription, joining a competitive landscape that includes offerings from Xiaomi, Meizu, HTC, and upcoming releases from RayNeo and ByteDance.
Supply Chain Benefits: Goldman Sachs analysts predict that continuous launches of AI and AR glasses will benefit the Greater China supply chain, with significant sales of Ray-Ban Meta's second-generation AI glasses already reported.
Key Component Suppliers: Notable suppliers like OmniVision, Lingyi, and AAC are highlighted for their roles in the smart glasses supply chain, with OmniVision providing advanced display technology and Lingyi reporting substantial revenue growth tied to AI and XR wearables.
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Analyst Views on GSBD
Wall Street analysts forecast GSBD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GSBD is 10.06 USD with a low forecast of 9.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 9.200
Low
9.00
Averages
10.06
High
11.00
Current: 9.200
Low
9.00
Averages
10.06
High
11.00
About GSBD
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Fed Chair Nomination: President Trump nominated Kevin Warsh as the new Fed chair, likely easing market concerns about Fed independence, although the December producer price index exceeded expectations, indicating ongoing inflationary pressures.
- Apple's Strong Performance: Apple reported robust iPhone demand and service growth in its latest earnings, particularly in China, while memory shortages may pose challenges; however, the stock is on track to break an eight-week losing streak, reflecting solid investor confidence.
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Goldman Sachs BDC to Report Q4 and FY 2025 Results
- Earnings Report Schedule: Goldman Sachs BDC announced it will release its fourth quarter and fiscal year 2025 financial results after market close on February 26, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: The company will host an earnings conference call on February 27, 2026, at 9:00 AM Eastern Time, inviting all interested parties to participate, aiming to enhance investor trust through direct communication.
- Participation Details: The conference call provides domestic and international dial-in numbers, ensuring global investor participation, reflecting GS BDC's focus on investor relations and its globalization strategy.
- Company Background: Goldman Sachs BDC, as a specialty finance company, aims to generate current income and capital appreciation primarily through direct secured debt originations and selective equity investments, showcasing its professional positioning in the market.
See More
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- Gold Price Surge: Spot gold prices rose over 3% to breach the $5,500 per ounce mark for the first time after the U.S. Federal Reserve kept its benchmark rate steady at 3.5% to 3.75%, indicating strong market demand and risk aversion.
- Mixed Asia-Pacific Markets: Asia-Pacific markets traded mixed, with Australia's S&P/ASX 200 declining 0.69% while South Korea's Kospi gained 1.09%, reflecting varying investor confidence across different economies, which may influence regional investment flows.
- Samsung Electronics Profit Surge: Samsung Electronics reported a more than threefold increase in fourth-quarter profits, hitting a new record driven by memory chip shortages and strong demand for AI servers, showcasing the recovery potential in the tech sector.
- Uncertain Outlook for Indonesia: Indonesia's Jakarta Composite plunged over 8% on Wednesday after MSCI warned of a potential downgrade to frontier-market status, with Goldman Sachs downgrading its rating to underweight, which is expected to negatively impact market performance.
See More
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- Rate Stability: The Federal Reserve's decision to maintain the federal funds rate between 3.5%-3.75% means that borrowing costs for short-term and variable-rate loans will not decrease, providing cash holders with stable income expectations.
- Money Market Appeal: Although the annualized seven-day yield has dropped to 3.5%, money market funds still offer higher returns compared to the national average savings account yield of 0.61%, attracting many investors seeking better returns.
- Liquidity Management: Financial planner Winnie Sun recommends increasing cash allocations to 5%-20% to mitigate potential layoff risks, employing a six-month CD ladder strategy to lock in yields while ensuring liquidity.
- Short-Term Treasury ETFs: Investors can opt for short-term Treasury ETFs, such as the iShares 0-3 Month Treasury Bond ETF, which offers a 3.59% yield and a low expense ratio of 0.09%, providing a solid option for those seeking stable income.
See More
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- Strong Foreign Inflows: As of mid-January, mutual funds focused on South Korea saw net inflows of approximately $1.3 billion, reflecting increased confidence from international investors and further driving economic growth in the region.
- Outstanding Tech Stock Performance: Samsung Electronics and SK Hynix soared 125% and 274% in 2025, respectively, together accounting for over 30% of the KOSPI index, showcasing a robust recovery in the tech sector and optimistic investor sentiment.
- Optimistic Market Outlook: Goldman Sachs expects Chinese equities to rise about 20% in 2026 and has raised its 12-month target for Taiwan's TAIEX to 34,600, reflecting confidence in strong earnings growth within the semiconductor industry.
See More
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- Clear Use of Proceeds: The net proceeds from this offering will be used to pay down debt under its revolving credit facility and for general corporate purposes, thereby reducing financial leverage and enhancing financial flexibility.
- Maturity Timeline: The notes are expected to be delivered on January 28, 2026, providing the company with liquidity over the next three years and ensuring stability amid market fluctuations.
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See More
