Morgan Stanley analyst Joseph Moore has maintained their bullish stance on NVDA stock, giving a Buy rating today.
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Joseph Moore’s rating is based on Nvidia’s strategic initiatives and growth potential in the AI sector. The company’s participation in the European GTC developer’s conference in Paris highlighted its focus on expanding AI infrastructure across Europe, which is expected to drive significant growth beyond 2025. Nvidia’s involvement in the EU’s €200 billion AI investment initiative, including plans for AI gigafactories and collaborations with major European partners, underscores its commitment to expanding its market presence and technological capabilities.
Furthermore, Nvidia’s announcement of building the world’s first industrial AI cloud for European manufacturers and its collaboration with Novo Nordisk for AI-enabled drug discovery demonstrate its innovative approach and potential for long-term growth. The company’s financial forecasts, indicating a substantial increase in GPU die installations, further support the positive outlook. These factors collectively contribute to Joseph Moore’s Buy rating for Nvidia, as they highlight the company’s strong position in the rapidly growing AI market.
According to TipRanks, Moore is a 5-star analyst with an average return of 11.1% and a 57.45% success rate. Moore covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and Analog Devices.
In another report released today, UBS also maintained a Buy rating on the stock with a $175.00 price target.