Nvidia removed as a Top Pick at Morgan Stanley
Detailed summary
Morgan Stanley analyst Joseph Moore removed Nvidia (NVDA) as Top Pick under the firm’s stop-loss policy for Top Picks as the stock price has dropped more than 25% since it was…
Morgan Stanley analyst Joseph Moore removed Nvidia (NVDA) as Top Pick under the firm's stop-loss policy for Top Picks as the stock price has dropped more than 25% since it was named a Top Pick on October 2. There is no change to the firm's view of a strong and durable AI buildout, with potential for share gains if and when land power shell emerges as a constraint, though it does acknowledge that the near term uncertainty will remain given the contention that CEO Jensen Huang's leadership is "crucial to the company's strategic direction." The firm keeps an Overweight rating and $300 price target on Nvidia shares.
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