Nvidia, the leader in AI computing, recently made headlines at the Global Technology Conference (GTC) 2025. While investors were expecting a boost from the event, the company’s shares actually fell during the week. According to Morgan Stanley analyst Joseph Moore, this lack of excitement may be due to the absence of significant news or surprises.
However, Moore notes that Nvidia delivered an impressive presentation, showcasing its “multiyear scaling” in training and inference. The technology roadmap is poised to outpace ASIC and merchant competitors, tackling new demands in physical AI. Moore believes this outlook, backed by discussions with industry players and customers, suggests a “very strong period for the next few quarters.”
The company’s Blackwell GPU unit sales reached 3.6 million units to top U.S. CSPs, excluding AI-focused companies and startups. This announcement was significant, as it marked Nvidia’s first time sharing information about datacenter units. Moore sees this as an effort to “refocus the narrative on the strength of demand profile.”
Moore points out that the industry’s biggest challenge is “inference at scale,” where demand still outpaces supply despite massive investments. Despite this, he believes Nvidia made a compelling case for higher demand driven by efficiencies. The analyst also highlights the importance of programmable solutions over ASICs.
In terms of implications for investors, Moore remains bullish on Nvidia, assigning it an Overweight (i.e., Buy) rating with a $162 price target. If met, this target could result in returns of ~38% a year from now. The rest of the Street also retains strong support for the stock, with 39 Buys vs. 3 Holds, resulting in a Strong Buy consensus.
Note: The opinions expressed in this article are solely those of the featured analyst and should not be taken as investment advice. It’s essential to do your own analysis before making any investment decisions.
Source: https://www.tipranks.com/news/load-up-says-morgan-stanley-about-nvidia-stock-following-gtc