Morgan Stanley maintains Nvidia's incremental rating, $288 target price, and semiconductor industry preferred position. Based on the July 9 closing price of $202.78 used in the report, the target price corresponds to a potential increase of about 42%. This valuation is roughly equivalent to the general market, and lower than computing chip peers such as AMD, Broadcom, and Intel.

Morgan Stanley maintains Nvidia's incremental rating, $288 target price, and semiconductor industry preferred position. Based on the July 9 closing price of $202.78 used in the report, the target price corresponds to a potential increase of about 42%. This valuation is roughly equivalent to the general market, and lower than computing chip peers such as AMD, Broadcom, and Intel.