Morgan Stanley Bullish on Nvidia as AI Adoption Expands Beyond Traditional Uses

Morgan Stanley reaffirms its bullish stance on Nvidia, highlighting the chipmaker's growing dominance in cloud infrastructure spending. Analyst Joseph Moore maintains a $210 price target, noting that the current shift from CPUs to GPUs merely scratches the surface of AI's potential.

Emerging applications in healthcare, law, and industrial automation are poised to drive the next wave of growth. Robotics could further bridge AI into the physical world, with specialized models tailored for vertical industries. The firm projects the AI infrastructure market could reach $3–5 trillion by 2030.

Vendor financing deals like Nvidia's partnership with OpenAI aim to accelerate adoption rather than artificially stimulate demand. This aligns with the broader trend of capital flowing into AI infrastructure as transformative use cases materialize.