Nvidia meetings highlight magnitude, length of runway, says Morgan Stanley

After having hosted Nvidia CEO Jensen Huang, CFO Colette Kress and other members of the management team for a three day non-deal roadshow, Morgan Stanley said the meetings highlight both the magnitude and length of the accelerated computing runway and “every indication from management is that we are still early in a long term AI investment cycle.” Blackwell systems NVL36/72 remain the best solution for inference interactions requiring substantially more computation and the Blackwell ramp is progressing on schedule with that product sold out for the next 12 months, pointing to continued strong conditions, says the firm, which keeps an Overweight rating and $150 price target on Nvidia shares.