NEW YORK / LONDON (IT BOLTWISE) – NVIDIA is about to release its third quarter results, and expectations are high. Analysts at Morgan Stanley have raised their price target on the stock, indicating strong growth potential. Despite concerns about the potential overheating of the AI market, NVIDIA remains a favorite among investors.
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NVIDIA stock is in investor focus as the company is about to release its third quarter results. Analysts at Morgan Stanley, led by Joseph Moore, raised the price target on the stock to $220, indicating significant growth potential. Despite recent market concerns about possible overheating of the AI segment, NVIDIA remains a favorite among investors.
In recent years, NVIDIA has consistently exceeded investor expectations, further increasing expectations for its upcoming quarterly results. Moore expects the Blackwell platform, now entering series production, to deliver solid results. This platform continues to be the preferred AI chip, indicating accelerating demand.
Market concerns about a possible bubble in AI stocks have intensified recently, but Moore sees no reason for alarm. He argues that NVIDIA’s recent lag behind some AI competitors is only temporary. Customer and supplier feedback suggests faster growth than Wall Street models predicted.
CEO Jensen Huang recently emphasized that revenue needs to increase by $70 billion to $80 billion over the next five quarters. Moore believes his $220 price target is conservative, despite higher-than-consensus expectations. NVIDIA stock has recently lost value on the NASDAQ, but this is seen as a temporary slowdown.
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