Morgan Stanley sees 12% upside for Nvidia stock as demand for GPU chips surges.

From Yahoo Finance: 2024-10-11 17:45:03

Nvidia stock is expected to continue gaining as demand for its GPU chips surges, with its Blackwell GPU sold out for the next 12 months. Inference computing growth is boosting long-term demand for Nvidia’s AI GPU chips. Morgan Stanley says Nvidia is early in a long-term AI investment cycle, with potential upside of 12% from its current levels. Production ramp of the Blackwell GPU chip is progressing on schedule, driving strong short-term demand for Hopper. CEO Jensen Huang expects meaningful growth in 2025 and 2026, with shares up 10% since the start of October and 172% for the year.



Read more at Yahoo Finance: Morgan Stanley recently met with Nvidia’s management team. Here are the biggest takeaways as the bank eyes another 12% upside for the stock.