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Morgan Stanley Bullish on Nvidia Ahead of Q2 Earnings, Highlights AI and Chip Demand
Morgan Stanley Bullish on Nvidia Ahead of Q2 Earnings, Highlights AI and Chip Demand
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BTCCSquare news:
Nvidia remains a top pick for Morgan Stanley ahead of its Q2 FY26 earnings release on August 27. Analyst Joseph Moore raised his price target to $206, citing a 33% upside potential, driven by strong demand for AI chips and improved supply dynamics. Revenue estimates for July were revised upward to $46.6 billion, with October projections at $52.5 billion.
Hyperscale cloud providers and emerging players like CoreWeave are fueling what Moore calls 'insatiable' demand. The Blackwell GPU rollout is expected to sustain growth into 2026, reinforcing Nvidia's dominance in AI infrastructure. No direct cryptocurrency exposure was noted, but the report underscores the broader tech sector tailwinds benefiting blockchain-adjacent compute markets.
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