Morgan Stanley analyst Joseph Moore has maintained their bullish stance on NVDA stock, giving a Buy rating today.
Joseph Moore has given his Buy rating due to a combination of factors that highlight Nvidia’s strong performance and future potential. The company has demonstrated remarkable growth, particularly in a transitional quarter where it managed to significantly surpass its revenue guidance, a feat unprecedented in the semiconductor industry. This growth is largely driven by the high demand for Nvidia’s Blackwell products, despite the challenges associated with new form factors and gross margin pressures.
Moore believes that the transitional issues Nvidia is facing are nearing resolution, and the company is poised to benefit from the full ramp-up of its Blackwell line. He anticipates Nvidia will capture market share from ASICs in the latter half of 2025 and maintain strong momentum within the large-cap AI semiconductor space. Additionally, Moore notes that while there may have been initial manufacturability challenges with the GB200, improvements are underway, which will further strengthen Nvidia’s competitive position.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $170.00 price target.