NVIDIA Just Hit a New Buy Point. Morgan Stanley Raised Its Target. Where Does It End?

NVIDIA shares closed Friday at $233.95, hovering within 1.7% of their 52-week high of $237.88, as the stock trades near the upper end of its recent range. The article cites Morgan Stanley analyst Joseph Moore, who maintains an Overweight rating, and highlights NVIDIA’s fiscal Q2 results: revenue rose to $96.22 billion versus $92.07 billion expected, while non-GAAP EPS of $2.22 beat the $2.09 consensus. Data Center revenue grew 117% to $89.02 billion, with third-quarter guidance calling for $108 billion. Morgan Stanley’s target update and expectations of supply-limited demand are framed against possible margin pressure as gross margins bottom at 71% to 72%.