Morgan Stanley reinstates Nvidia as its top semiconductor pick, sending shares higher

Morgan Stanley announced that Nvidia is again its leading semiconductor recommendation, noting a roughly 15‑times fiscal 2028 earnings valuation and room for upside. The note sparked a pre‑market rally of about 1.5%‑1.6% in Nvidia stock. Analysts also highlighted a record $150 billion buyback authorization, bringing total remaining repurchase capacity to $235 billion, and projected hyperscaler revenue of $401 billion in 2027.

Morgan Stanley’s upgrade may attract additional buying, supporting Nvidia’s price in the near term (the company expects the buyback to bolster EPS through fiscal 2028). Barclays’ revenue estimate suggests strong growth potential for Nvidia’s AI‑related sales, which could influence investor expectations.

  • 1Morgan Stanley reinstated Nvidia as its top semiconductor pick.
  • 2Nvidia shares rose 1.5% in pre‑market trading according to Seeking Alpha.
  • 3Nvidia shares rose 1.64% in pre‑market trading according to Invezz.
  • 4The stock trades at about 15 times Morgan Stanley’s fiscal 2028 earnings estimate.
  • 5Nvidia authorized an additional $150 billion for share repurchases, raising remaining buyback authorization to $235 billion.
  • 6Barclays estimates Nvidia’s hyperscaler revenue could reach $401 billion in 2027.

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