Nvidia named top semiconductor pick by Morgan Stanley

Morgan Stanley analyst Joseph Moore has named Nvidia Corp. as his top pick within the semiconductor sector. Following meetings with CEO Jensen Huang and CFO Colette Kress, the bank reiterated its positive recommendation.

Moore set a 12-month price target of $300 per share, suggesting a potential increase of approximately 28% from recent levels. The company's stock recently reached record highs, supported by a $150 billion share repurchase program. Executives highlighted strong demand for cloud platforms and an operational focus on maximizing revenue per gigawatt of computational energy.

Other Wall Street analysts have also issued favorable valuations. A TipRanks survey of 31 analysts placed the average price target at $324.32, with the highest projection from Evercore Inc. at $465 and the most conservative from Barclays at $275.