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US Top News and Analysis | Nvidia reports earnings this week. Morgan Stanley is getting more bullish on the chipmaker
AI generated summary, Read the full article for complete information.
Nvidia is poised to deliver a strong fiscal first‑quarter results report, prompting Morgan Stanley to upgrade its outlook and raise its price target from $260 to $285, a 26% upside from the previous close. The bank now expects earnings of $1.72 per share on revenue of $79.26 billion, up from earlier estimates, citing surging demand for Nvidia’s AI‑driven data‑center hardware, robust supply‑chain positioning, and $95 billion in purchase commitments that should secure shipments for the next 18 months. Analysts broadly share this optimism, with the majority rating the stock as a buy or strong buy, and the company’s shares have climbed about 66% over the past year as AI remains a dominant investment theme.
Read more: https://www.cnbc.com/2026/05/18/nvidia-reports-earnings-this-week-morgan-stanley-is-getting-more-bullish.html
#Nvidia #MorganStanley #JosephMoore #LSEG #WallStreet #
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