$NVIDIA (NVDA.US)$ Morgan Stanley - CEO meetings highlight b...

$NVIDIA (NVDA.US)$ Morgan Stanley - CEO meetings highlight both the magnitude and length of the accelerated computing runway

- Every indication from management is that we are still early in a long term AI investment cycle

- Newest element is the much more complex inference coming from "long thinking", inference interactions requiring substantially more computation

- Blackwell systems NVL36/72 remains the best solution for those challenges, providing systems level differentiation vs. merchant and custom alternatives.

- Shorter term, Blackwell ramp progressing on schedule with that product sold out next 12 months, pointing to continued strong conditions

- Remain OW, remains our Top Pick in semis