On October 11th, Morgan Stanley analyst Joseph Moore stated in a client report on Thursday that following meetings with NVIDIA CEO Huang Renxun and other executives, he reinforced the view that the stock remains the top choice in the semiconductor sector, indicating that NVIDIA is still at the forefront of AI innovation and has the opportunity to gain new market share. He mentioned that he remains very bullish on NVIDIA's long-term prospects, but considering the current stock price rebound, he expects that a short-term increase will somewhat raise the profitability threshold. The firm has a target price of $150 for NVIDIA, representing a potential upside of about 13%.

The analyst stated that it is still a special situation where AI is the most important technology trend, and NVIDIA is undoubtedly the biggest beneficiary of AI investments. He still believes that NVIDIA will gain market share in AI processors next year, as the largest users of custom chips will see a sharp growth in NVIDIA solutions next year. He believes that the launch of Blackwell will proceed as planned, with orders likely to be fully booked within about 12 months, all signs indicating that the business remains robust and visibility for the future is very high.