STOCKS | Morgan Stanley Maintains Overweight Rating and $288 Price Target for Nvidia

Morgan Stanley has maintained its overweight rating on Nvidia and kept its $288 price target, while continuing to list the company as its top pick in the semiconductor sector. According to Odaily, based on the July 9 closing price of $202.78 used in the report, the target implies about 42% potential upside. The report said Nvidia’s valuation is broadly in line with the broader market and lower than that of computing chip peers including AMD, Broadcom, and Intel.