Morgan Stanley sees strong demand for Nvidia GPUs and projects 12% stock upside

Morgan Stanley recently met with Nvidia's management and reported strong demand for the company's GPU chips. Nvidia's new Blackwell GPU is sold out for the next 12 months, indicating robust short-term demand. The bank maintains an "Overweight" rating and a $150 price target for Nvidia, suggesting a potential 12% increase in stock value. Analysts noted that the growth in inference computing could further boost demand for Nvidia's AI GPU chips. Nvidia's CEO highlighted expected growth in 2025 and 2026. The company's stock has risen about 10% in October and is up 172% since the beginning of the year.