Morgan Stanley has increased its price target for Nvidia, reaffirming an 'overweight' rating based on the company's exceptional performance in the artificial intelligence sector. Analyst Joseph Moore's revised target reflects confidence in Nvidia's continued dominance in AI chip technology.
The firm highlights Nvidia's strong financial execution, improved supply chain, and sustained demand for AI solutions as key drivers. This positive outlook comes as Nvidia's AI chips are increasingly vital for data centres, automotive applications, and various other sectors.
Despite some concerns about macro pressures and geopolitical risks, Morgan Stanley remains optimistic about Nvidia's long-term growth, citing the company's ability to exceed expectations and maintain a leading position in the competitive AI landscape. The analyst also projects strong shipments of Blackwell B200 servers in the coming year, further solidifying Nvidia's market leadership.
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