Nvidia remains at the forefront of AI innovation, with new opportunities to gain market share, Morgan Stanley said.
Analyst Joseph Moore reiterated his overweight rating on the chipmaker and said meetings with Nvidia's CEO and other management reinforced the firm's view that it is the top pick in semiconductors.
NVDA YTD mountain Nvidia stock this year.
To be sure, even as Morgan Stanley doubles down on its Nvidia bull case, the company's near-term growth story has some skeptics.
Shares closed down slightly on Wednesday at $132.65, just short of the stock's closing high of $135.58 met in June.
Persons:
Morgan Stanley, Joseph Moore, Moore, Nvidia's Blackwell, " Moore, Blackwell, Atif Malik, he's, Katie Stockton
Organizations:
Nvidia, NVIDIA, Management, Citi