TLDR
- Morgan Stanley analyst Joe Moore lifted Nvidia’s price target from $235 to $250, suggesting 38% growth potential
- The 5-star rated analyst says competition fears from Google and AMD are overblown based on recent market research
- Nvidia controls 70-95% of the AI accelerator and data-center GPU markets with no signs of losing ground
- Tight supply for GPUs and advanced packaging reflects hyperscalers’ aggressive AI infrastructure buildout
- Wall Street’s average price target of $250.66 aligns with Morgan Stanley’s updated forecast
Nvidia stock got a vote of confidence from Morgan Stanley. Analyst Joe Moore raised his price target to $250 from $235.
That puts potential upside at 38% from the current price of $181.46.
NVIDIA Corporation, NVDA
The analyst conducted extensive checks across Asia and the United States before making his move. His research found Nvidia hasn’t surrendered meaningful market share to rivals.
Google-parent Alphabet and Advanced Micro Devices have ramped up their chip efforts. But Moore calls fears about these competitors “overstated.”
Nvidia maintains a 70-95% stranglehold on AI accelerators and data-center GPUs. Customer demand for its products keeps climbing as companies expand AI operations.
Why Customers Choose Nvidia
Nvidia’s appeal goes deeper than chip speed. The company provides an “end-to-end advantage” competitors can’t replicate.
Its software stack is proven and reliable. Deployment happens faster with Nvidia’s ecosystem.
Customers care about total cost of ownership. Nvidia chips reduce training times and cut operating expenses.
These factors matter when companies invest billions in AI infrastructure. Speed and reliability translate directly to better project economics.
Moore notes supply remains tight for GPUs, high-bandwidth memory, and advanced packaging. This scarcity reflects how fast hyperscalers are building out AI capacity.
The supply crunch actually strengthens Nvidia’s position. It shows the company sits at the center of explosive AI growth.
Wall Street Gets Bullish
Morgan Stanley’s new target matches the Street’s consensus of $250.66. That average implies nearly 38% upside from current levels.
The firm took a cautious approach initially. When Nvidia management discussed $500 billion revenue projections for Blackwell and Rubin at GTC, Morgan Stanley held back.
Moore wanted to verify those claims independently. After meeting industry contacts, the firm gained confidence to raise estimates.
Morgan Stanley’s updated numbers still fall short of the “$500 billion in 5 quarters” goal mentioned by Nvidia’s CEO. But the firm described the overall situation as “strong.”
Wall Street’s most optimistic analysts see shares reaching $352. Moore’s $250 target lands in the bullish range without hitting the extreme high end.
The analyst maintains his Overweight rating on Nvidia shares. His research suggests the company’s competitive moat remains intact.
Market Position Holds Firm
Nvidia’s dominance spans multiple product categories. AI accelerators and data-center GPUs both show the company’s commanding lead.
Competitors have launched alternatives. But switching costs and performance gaps keep customers loyal.
Moore’s field research covered major original equipment manufacturers. These companies continue favoring Nvidia for performance, software support, and supply reliability.
The combination creates a powerful retention mechanism. Customers who build on Nvidia’s platform face high costs to migrate elsewhere.
Morgan Stanley raised its revenue projections after validating market strength. The firm now expects Nvidia can deliver on aggressive growth targets.
Moore’s price target increase follows meetings with contacts across key manufacturing regions and customer segments.
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