Nvidia price target lowered to $152 from $166 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Nvidia (NVDA) to $152 from $166 and keeps an Overweight rating on the shares. The DeepSeek release highlights evolutionary innovations in AI, “some of which may be deflationary,” the analyst tells investors. While the magnitude of the reaction to DeepSeek’s release was “surprising,” the stock market reaction is “probably more important than the cause” and could bring further export controls or reduce spending enthusiasm, adds the analyst, who is trimming price targets among semiconductor suppliers exposed to AI, but remains positive on the group.