Nvidia has once again caught the attention of Wall Street analysts following its recent GTC (GPU Technology Conference). Despite the event not unveiling any major surprises, Morgan Stanley’s analyst, Joseph Moore, remains bullish on the stock. Moore’s positive outlook stems from Nvidia’s impressive product roadmap and strong demand for its GPUs, especially from major cloud providers.

Morgan Stanley’s Optimistic Outlook

In the wake of the GTC, Morgan Stanley raised its price target for Nvidia stock from $152 to $162, maintaining an Overweight rating. Moore emphasized Nvidia’s strategic advantage with its Blackwell GPUs, which are poised to meet the growing needs of cloud providers.

“Nvidia’s product pipeline is exceptionally strong through 2027, and demand from cloud providers continues to increase,” said Moore. (Business Insider).

Key Takeaways from the GTC

While Nvidia’s recent GTC keynote didn’t reveal groundbreaking new announcements, Moore sees the company’s existing product plans as a significant strength. The demand for Nvidia’s GPUs, especially its Blackwell models, has surged. Cloud providers have reportedly placed orders for 3.6 million Blackwell GPUs for 2025, compared to just 1.3 million Hopper GPUs for 2024.

Analysts’ Reactions

While Moore is strongly in favor of Nvidia’s future growth, opinions on the stock vary. Some analysts remain cautious, especially after Nvidia’s stock experienced a slight drop following the GTC event. However, Moore’s optimistic predictions continue to make Nvidia a key player in the GPU space.

“Even though the GTC event didn’t offer major surprises, the long-term outlook for Nvidia remains extremely promising due to its technological advancements and increasing demand,” noted Moore. (Investopedia).

What’s Next for Nvidia?

Nvidia’s stock has seen impressive gains in recent years, largely driven by its dominance in the AI and GPU markets. With strong support from both cloud services and AI sectors, Nvidia is well-positioned to maintain its leadership in the space for years to come. Analysts like Moore are confident that this trend will continue, making Nvidia a solid investment option.

Conclusion

Morgan Stanley’s bullish stance on Nvidia reflects the firm’s confidence in the company’s long-term prospects. As demand for GPUs continues to rise and Nvidia’s technology evolves, investors are advised to “load up” on the stock, according to Moore.

For more information on Nvidia’s performance and GTC highlights, read these in-depth analyses:

• What Wall Street Analysts Are Saying About Nvidia’s GTC
• Nvidia’s Big GTC Event Had No Big Surprises, but Here Is Where the Bulls and Bears Disagree
• Nvidia Stock Was Supposed to Get a Lift From GTC This Week. It Dropped Instead