Morgan Stanley Reiterates Overweight on Nvidia as Revenue Surges 71%

Key Facts

1Morgan Stanley maintained an Overweight rating and a $288.00 price target for Nvidia (NVDA).

2Nvidia's revenue surged 71% over the last twelve months to $253.5 billion.

Amid the accelerating global race for artificial intelligence dominance, Morgan Stanley has reiterated its 'Overweight' rating for Nvidia (NVDA) with a price target of $288.00. This bullish stance is underpinned by a remarkable 71% surge in revenue over the last twelve months, reaching $253.5 billion. Analysts highlighted that this growth is driven by diversified demand across AI laboratories, hyperscalers, and sovereign enterprise sectors.

Despite broader headwinds in the semiconductor industry, Nvidia continues to maintain a leadership position relative to its peers. Per market data, TSM closed at $202.78 on July 9, 2026, while AMD stood at $202.78 as of its July 8, 2026 close. Industry experts suggest that Nvidia's integrated ecosystem and first-mover advantage in generative AI hardware provide a significant moat against competitors like Intel, which closed at $202.78 on July 8, 2026.

Nvidia's stock (NVDA) was priced at $202.78 at the close of July 9, 2026, having fluctuated between a day high of $204.59 and a low of $198.96. Traders are now looking toward upcoming macroeconomic catalysts, including the U.S. Balance of Trade data, to gauge the health of global tech exports and potential impacts on high-growth valuation multiples.