Morgan Stanley Just Raised Its Price Target on Nvidia Stock
$NVIDIA (NVDA.US)$ stock price target raised to $144 from $116 by Morgan Stanley analysts.
Morgan Stanley maintains an Overweight rating on NVDA stock.
Positive data points from Taiwan and China trips bolster Morgan Stanley's confidence in NVDA.
Surge in H20 builds and demand alleviates concerns about a pre-Blackwell pause.
Demand side indications remain robust for Hopper, as H100 transitions to H200.
Analysts confident in strong sales for both H100 and H200 products.
Morgan Stanley maintains an Overweight rating on NVDA stock.
Positive data points from Taiwan and China trips bolster Morgan Stanley's confidence in NVDA.
Surge in H20 builds and demand alleviates concerns about a pre-Blackwell pause.
Demand side indications remain robust for Hopper, as H100 transitions to H200.
Analysts confident in strong sales for both H100 and H200 products.
Despite recent sharp appreciation, NVDA seen as a compelling narrative in the AI semis space.
Transition from H100 to H200 and then Blackwell expected to improve visibility and backlog materially.
Transition from H100 to H200 and then Blackwell expected to improve visibility and backlog materially.
Expert Statement:
"We had positive data points from both our Taiwan trip and our China trip that keep us confident on near term," said analysts at Morgan Stanley.
"The catalyst path remains strong, as the very strong surge in H20 builds and demand removes any concern for us about a pre-Blackwell pause," added analysts at Morgan Stanley.
"Hopper builds continue to go up, as H100 starts to transition to H200 (bringing better memory bandwidth from HBM3e as well as higher memory content), and we are hearing confidence that sales of both products will remain strong," stated analysts at Morgan Stanley.
"While the bank isn't 'pounding the table at these levels given the sharp appreciation since the last earnings report,' they believe Nvidia 'remains the most compelling narrative in the AI semis space,' and that as the transition from H100 to H200 and then Blackwell progresses, 'visibility and backlog will improve materially,'" noted analysts at Morgan Stanley.
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