Overview
- Morgan Stanley’s Joe Moore raised Nvidia’s 12‑month price target to $250 after checks found no meaningful market‑share loss to AMD or Google and continued strength in GPUs, HBM and advanced packaging.
- Wall Street’s average target now sits near $250, with recent increases from Goldman Sachs, JPMorgan and Jefferies, and a Street high of $300 from Cantor Fitzgerald.
- Analysts highlight persistent supply tightness as hyperscalers expand AI capacity, reinforcing Nvidia’s position and customers’ preference for its performance, software stack and deployment ecosystem.
- Rival efforts are drawing notice, with Alphabet’s TPUs touted as a diversification option and potential external product; reports cite Anthropic supply plans, talks with Meta and multi‑million unit forecasts from Morgan Stanley.
- Broadcom’s AI momentum is accelerating, with BofA lifting its target on TPU exposure, reports of roughly $10 billion in XPU rack orders and a new OpenAI deal, while Morgan Stanley projects Broadcom could outpace Nvidia in 2026 AI processor revenue growth due to Nvidia’s supply constraints.