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Morgan Stanley, Wells Fargo Boost Nvidia Targets on AI Chip Demand

  • NVIDIA received new price target increases from major Wall Street analysts, reflecting strong demand for its Blackwell architecture in enterprise AI markets.
  • Morgan Stanley raised its 12-month price target for Nvidia to $220 and expects robust results as Blackwell chip production ramps up.
  • Wells Fargo lifted its price target to $265, projecting strong revenue guidance for upcoming quarters and citing Nvidia’s dominance in AI datacenter solutions.
  • Analysts anticipate Q3 2026 revenue of $54.8 billion and earnings per share (EPS) of $1.25 for Nvidia.
  • Nvidia shares have climbed over 39% in 2025, maintaining bullish sentiment among retail investors.

Nvidia continues to strengthen its position in the AI semiconductor sector, as both Morgan Stanley and Wells Fargo recently increased their 12-month price targets, citing strong customer demand for Nvidia’s Blackwell architecture. Morgan Stanley analyst Joseph Moore increased his firm’s price target for Nvidia to $220 and kept an ‘Overweight’ rating. Wells Fargo also raised its price target to $265, maintaining an ‘Overweight’ rating.

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Moore explained that recent checks show substantial acceleration in Nvidia’s AI chip business, expecting the “strongest result seen in the last few quarters” as Blackwell production ramps up. He also mentioned “very strong” demand for Nvidia’s forthcoming Rubin platform, highlighting that Blackwell remains the preferred AI chip among enterprise customers. Moore noted, The stock has lagged some peers in the AI theme, but that underperformance should reverse, given the fundamentals in motion.

Wells Fargo echoed the optimism, projecting strong upside for Nvidia’s fiscal third and fourth quarters of 2026. The firm forecasts revenue between $50 billion and $52 billion for Q3 and between $58 billion and $60 billion for Q4, based on Nvidia’s steady growth and its leading datacenter presence. These projections reflect confidence in the company’s robust AI pipeline and demand momentum.

Nvidia is set to report third-quarter earnings on November 19. According to Fiscal AI data, analysts estimate Q3 revenue at $54.8 billion and EPS at $1.25. In 2025, Nvidia’s stock has increased over 39%, and by more than 27% over the past year. Despite a slight dip of over 2% in Friday’s premarket trading, as referenced by Stocktwits retail sentiment data, investor activity remains firmly positive.

AI-focused tech stocks, including Nvidia, continue to attract heightened interest from institutional and retail investors as the AI hardware market grows rapidly.

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