The Bad PlaceUS Top News and Analysis | Nvidia reports earnings this week. Morgan Stanley is getting more bullish on the chipmaker
AI generated summary, Read the full article for complete information.
Nvidia is poised to deliver a strong fiscal first‑quarter results report, prompting Morgan Stanley to upgrade its outlook and raise its price target from $260 to $285, a 26% upside from the previous close. The bank now expects earnings of $1.72 per share on revenue of $79.26 billion, up from earlier estimates, citing surging demand for Nvidia’s AI‑driven data‑center hardware, robust supply‑chain positioning, and $95 billion in purchase commitments that should secure shipments for the next 18 months. Analysts broadly share this optimism, with the majority rating the stock as a buy or strong buy, and the company’s shares have climbed about 66% over the past year as AI remains a dominant investment theme.