Morgan Stanley Reiterates Overweight on NVIDIA (NVDA), Stays Positive on Growth Outlook

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Every Investor Should WatchOn October 10, Morgan Stanley reiterated the stock as “Overweight.” The firm said it’s sticking with Nvidia.

“Our thoughts on the stock: We remain positive on the short- and long-term outlook here, and while the market is more optimistic now vs. 3-6 months ago, we still see the stock climbing a wall of worry from here.”

Analyst Joseph Moore from Morgan Stanley has expressed confidence in future demand and Nvidia’s growing share of cloud spending. While most of the current growth is coming from companies transitioning to GPUs, Moore believes the real boom comes from avenues such as healthcare, law, and robotics.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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