$NVIDIA (NVDA.US)$ Nvidia shares surged on Wednesday after M...

$NVIDIA(NVDA.US)$ Nvidia shares surged on Wednesday after Morgan Stanley reinstated it as a "top pick" following a recent sell-off, seeing it as a good entry point due to unchanged strong indicators. Nvidia's shares rose over 12%, extending their year-to-date gain above 130%. Despite concerns over trade restrictions and AI spending, analysts are optimistic about strong demand for Nvidia's upcoming AI chip, Blackwell, and continued resilience for its H100 chip. Nvidia will report its Q2 fiscal 2025 earnings on August 28.

The selloff presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns," the analysts wrote, noting that Nvidia's shares have "sold off on a large list of concerns that we think are likely to fade with time."