Nvidia’s Strong Position and Strategic Moves Justify Buy Rating Amid Tariff Concerns

Morgan Stanley analyst Joseph Moore has maintained their bullish stance on NVDA stock, giving a Buy rating yesterday.

Joseph Moore has given his Buy rating due to a combination of factors that suggest Nvidia is well-positioned despite potential challenges. The company’s strong demand and effective mitigation strategies make it a top pick in the semiconductor industry. Nvidia’s significant revenue from a single product family simplifies analysis and positions it as a leader whose performance will likely influence the broader industry.
While tariffs remain a concern, Nvidia appears to be among the more protected companies with minimal direct impact. The company’s ability to navigate tariff-related challenges, such as potential double taxation on semiconductors, further supports the Buy rating. Additionally, Nvidia’s strategic manufacturing decisions, like building capacity in North America, help mitigate risks associated with tariffs, reinforcing the positive outlook for the stock.

Moore covers the Technology sector, focusing on stocks such as Nvidia, Western Digital, and Broadcom. According to TipRanks, Moore has an average return of 9.8% and a 52.43% success rate on recommended stocks.

In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $140.00 price target.