Nvidia Stock Top Pick at Morgan Stanley Again After Tech Sell-off

Investing.com07-31

Morgan Stanley analysts reassigned a Top Pick rating for Nvidia (NASDAQ:NVDA) stock on Wednesday after the chipmaker’s shares fell sharply amid a broader market sell-off the previous day.NVDA tumbled ...

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jluxe8181
08-01
jluxe8181
Go go go! $NVDA

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Other chip stocks followed, with the iShares Semiconductor ETF (NASDAQ:SOXX) losing 3.6% on the day.Morgan Stanley issued no changes to their Nvidia estimates or price target, but noted that the sell-off “presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns.”Key concerns contributing to the sell-off include customer capital spending budgets, competitive dynamics, export controls, and supply chain issues.While the bank’s analysts acknowledge these challenges, they believe they will diminish over time. For instance, customer spending on AI infrastructure has been non-linear due to space and power constraints, yet the demand for Nvidia’s GPUs remains strong. The resilience of Nvidia’s H100 GPUs and the upcoming Blackwell series “makes those spending concerns seem premature,” analysts noted.Competition from companies like Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and AMD (NASDAQ:AMD) has also pressured Nvidia's stock. However, Nvidia's central position in the AI market and its ability to attract customers back from custom silicon alternatives highlight its enduring competitive edge.“This is a large market and is not going to be served by a single NVIDIA card, but we are hearing multiple instances of customers who have invested in custom silicon or alternatives coming back to NVIDIA for upside,” analysts said.For export control concerns, particularly those concerning China, analysts said that while there are risks related to geopolitical factors, Nvidia’s minimal trailing revenue from China reduces potential impacts. Furthermore, the adaptability of Nvidia’s H20 product to meet export requirements ensures continued market presence despite regulatory hurdles.Overall, the Wall Street giant maintains a positive outlook for Nvidia stock, chiefly driven by robust demand indicators and strong customer enthusiasm for the Blackwell GPUs.“Visibility will actually increase as demand moves from Hopper to Blackwell, as the constraint will shift back to silicon; H100 lead times are short, but H200 lead times are already long, and Blackwell should be even longer,” analysts continued.With a valuation that appears “much more reasonable than a few weeks ago,” they believe the market is “taking a very glass half-empty view of some of the hyperscale comments, where there is a clear desire on the part of customers to continue to commit resources to developing multi modal generative AI.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":333527106203912,"gmtCreate":1722472442852,"gmtModify":1722472446634,"author":{"id":"3584770030351627","authorId":"3584770030351627","name":"jluxe8181","avatar":"https://community-static.tradeup.com/news/21395e77bcc4e4bb3ebe01bf7098c9e9","vip":1,"hat":"https://static.tigerbbs.com/2b6219675842600ebb42baa43c645832","crmLevel":9,"crmLevelSwitch":1,"idStr":"3584770030351627","authorIdStr":"3584770030351627"},"htmlText":"Go go go! $NVDA","listText":"Go go go! $NVDA","text":"Go go go! $NVDA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/333527106203912","repostId":2455906942,"repostType":2,"repost":{"id":"2455906942","kind":"highlight","pubTimestamp":1722420704,"share":"https://ttm.financial/m/news/2455906942?lang=&edition=fundamental","pubTime":"2024-07-31 18:11","market":"us","language":"en","title":"Nvidia Stock Top Pick at Morgan Stanley Again After Tech Sell-off","url":"https://stock-news.laohu8.com/highlight/detail?id=2455906942","media":"Investing.com","summary":"Morgan Stanley analysts reassigned a Top Pick rating for Nvidia  stock on Wednesday after the chipmaker’s shares fell sharply amid a broader market sell-off the previous day.NVDA tumbled 7% on Tuesday to $103.73, representing its lowest closing price since May. Other chip stocks followed, with the iShares Semiconductor ETF  losing 3.6% on the day.Morgan Stanley issued no changes to their Nvidia estimates or price target, but noted that the sell-off “presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns.”Key concerns contributing to the sell-off include customer capital spending budgets, competitive dynamics, export controls, and supply chain issues.While the bank’s analysts acknowledge these challenges, they believe they will diminish over time. For instance, customer spending on AI infrastructure has been non-linear due to space and power constraints, yet the demand for Nvidia’s GPUs remains strong. The resi","content":"<html><head></head><body><p>Morgan Stanley analysts reassigned a Top Pick rating for Nvidia (NASDAQ:NVDA) stock on Wednesday after the chipmaker’s shares fell sharply amid a broader market sell-off the previous day.</p><p>NVDA tumbled 7% on Tuesday to $103.73, representing its lowest closing price since May. Other chip stocks followed, with the iShares Semiconductor ETF (NASDAQ:SOXX) losing 3.6% on the day.</p><p>Morgan Stanley issued no changes to their Nvidia estimates or price target, but noted that the sell-off “presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns.”</p><p>Key concerns contributing to the sell-off include customer capital spending budgets, competitive dynamics, export controls, and supply chain issues.</p><p>While the bank’s analysts acknowledge these challenges, they believe they will diminish over time. For instance, customer spending on AI infrastructure has been non-linear due to space and power constraints, yet the demand for Nvidia’s GPUs remains strong. The resilience of Nvidia’s H100 GPUs and the upcoming Blackwell series “makes those spending concerns seem premature,” analysts noted.</p><p>Competition from companies like Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and AMD (NASDAQ:AMD) has also pressured Nvidia&#39;s stock. However, Nvidia&#39;s central position in the AI market and its ability to attract customers back from custom silicon alternatives highlight its enduring competitive edge.</p><p>“This is a large market and is not going to be served by a single NVIDIA card, but we are hearing multiple instances of customers who have invested in custom silicon or alternatives coming back to NVIDIA for upside,” analysts said.</p><p>For export control concerns, particularly those concerning China, analysts said that while there are risks related to geopolitical factors, Nvidia’s minimal trailing revenue from China reduces potential impacts. Furthermore, the adaptability of Nvidia’s H20 product to meet export requirements ensures continued market presence despite regulatory hurdles.</p><p>Overall, the Wall Street giant maintains a positive outlook for Nvidia stock, chiefly driven by robust demand indicators and strong customer enthusiasm for the Blackwell GPUs.</p><p>“Visibility will actually increase as demand moves from Hopper to Blackwell, as the constraint will shift back to silicon; H100 lead times are short, but H200 lead times are already long, and Blackwell should be even longer,” analysts continued.</p><p>With a valuation that appears “much more reasonable than a few weeks ago,” they believe the market is “taking a very glass half-empty view of some of the hyperscale comments, where there is a clear desire on the part of customers to continue to commit resources to developing multi modal generative AI.”</p><p></p></body></html>","source":"hk_investing_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Stock Top Pick at Morgan Stanley Again After Tech Sell-off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-31 18:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/nvidia-stock-top-pick-at-morgan-stanley-again-after-tech-selloff-3545205><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley analysts reassigned a Top Pick rating for Nvidia (NASDAQ:NVDA) stock on Wednesday after the chipmaker’s shares fell sharply amid a broader market sell-off the previous day.NVDA tumbled ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/nvidia-stock-top-pick-at-morgan-stanley-again-after-tech-selloff-3545205\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","NVDA":"英伟达","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4579":"人工智能","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4574":"无人驾驶","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4573":"虚拟现实","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","BK4170":"电脑硬件、储存设备及电脑周边"},"source_url":"https://www.investing.com/news/stock-market-news/nvidia-stock-top-pick-at-morgan-stanley-again-after-tech-selloff-3545205","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2455906942","content_text":"Morgan Stanley analysts reassigned a Top Pick rating for Nvidia (NASDAQ:NVDA) stock on Wednesday after the chipmaker’s shares fell sharply amid a broader market sell-off the previous day.NVDA tumbled 7% on Tuesday to $103.73, representing its lowest closing price since May. Other chip stocks followed, with the iShares Semiconductor ETF (NASDAQ:SOXX) losing 3.6% on the day.Morgan Stanley issued no changes to their Nvidia estimates or price target, but noted that the sell-off “presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns.”Key concerns contributing to the sell-off include customer capital spending budgets, competitive dynamics, export controls, and supply chain issues.While the bank’s analysts acknowledge these challenges, they believe they will diminish over time. For instance, customer spending on AI infrastructure has been non-linear due to space and power constraints, yet the demand for Nvidia’s GPUs remains strong. The resilience of Nvidia’s H100 GPUs and the upcoming Blackwell series “makes those spending concerns seem premature,” analysts noted.Competition from companies like Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and AMD (NASDAQ:AMD) has also pressured Nvidia's stock. However, Nvidia's central position in the AI market and its ability to attract customers back from custom silicon alternatives highlight its enduring competitive edge.“This is a large market and is not going to be served by a single NVIDIA card, but we are hearing multiple instances of customers who have invested in custom silicon or alternatives coming back to NVIDIA for upside,” analysts said.For export control concerns, particularly those concerning China, analysts said that while there are risks related to geopolitical factors, Nvidia’s minimal trailing revenue from China reduces potential impacts. Furthermore, the adaptability of Nvidia’s H20 product to meet export requirements ensures continued market presence despite regulatory hurdles.Overall, the Wall Street giant maintains a positive outlook for Nvidia stock, chiefly driven by robust demand indicators and strong customer enthusiasm for the Blackwell GPUs.“Visibility will actually increase as demand moves from Hopper to Blackwell, as the constraint will shift back to silicon; H100 lead times are short, but H200 lead times are already long, and Blackwell should be even longer,” analysts continued.With a valuation that appears “much more reasonable than a few weeks ago,” they believe the market is “taking a very glass half-empty view of some of the hyperscale comments, where there is a clear desire on the part of customers to continue to commit resources to developing multi modal generative AI.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":21,"commentSize":1,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455906942"}