Big backer of Nvidia heaps on praise after the recent stock rally. Where we stand now

Morgan Stanley continues to see a bright path ahead for Nvidia after meeting with CEO Jensen Huang and other execs.

Morgan Stanley 's love for Nvidia has not faded. The news Analysts at the firm reiterated Nvidia as their top pick in semiconductors following meetings with CEO Jensen Huang and other company executives. Morgan Stanley has a buy-equivalent rating on the Club stock and a price target of $150 a share, implying 13% upside from Wednesday's close. "Every indication from management is that we are still early in a long-term AI investment cycle," analysts wrote to clients Thursday.

Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce's Dreamforce on September 17, 2024 in San Francisco, California.

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