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Investing.com - Morgan Stanley (NYSE:MS) has raised its price target on Nvidia (NASDAQ:NVDA) to $200.00 from $170.00 while maintaining an Overweight rating on the stock. The stock, currently trading near its 52-week high of $179.38, has delivered an impressive 69% return over the past year according to InvestingPro data.
The investment bank cited continued strong demand for Nvidia’s Blackwell architecture, noting that token growth continues to outpace what Nvidia can ship to customers. This aligns with the company’s remarkable 86% revenue growth in the last twelve months, supported by a robust 70% gross profit margin.
Morgan Stanley increased its 2026 MW EPS multiple from 28x to 33x, basing the new $200 price target on $6.02 MW EPS.
The firm pointed out that while supply bottlenecks will continue to set the pace of growth, supply is expected to improve in the second half, which should accelerate the momentum of EPS revisions.
Morgan Stanley confirmed that Nvidia remains its "Top Pick" in the semiconductor sector. The company maintains an "Excellent" Financial Health Score of 3.9 out of 5, according to InvestingPro’s comprehensive analysis.
In other recent news, Nvidia is facing scrutiny after a report revealed that over $1 billion worth of its advanced AI chips were smuggled into China, despite tightened U.S. export controls. These chips, specifically the high-end B200 processors, are reportedly available on the Chinese black market, raising concerns about compliance with international trade regulations. Meanwhile, in the automotive technology sector, Microvision (NASDAQ:MVIS) announced that its MOVIA lidar system is now supported on the NVIDIA DRIVE AGX platform, potentially enhancing its reach in the automotive industry. This integration could facilitate the adoption of MicroVision’s lidar solutions in advanced driver assistance systems.
Similarly, Aeye has achieved a significant milestone with its Apollo lidar now fully integrated into the same NVIDIA platform. This development grants Aeye access to NVIDIA’s network of automakers, marking an important step in deploying its technology in passenger vehicles. In another notable development, Elon Musk’s AI startup, xAI, is seeking to raise up to $12 billion for expansion, with Valor Equity Partners spearheading the fundraising efforts. These recent developments highlight ongoing shifts and opportunities in the tech and automotive sectors.
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