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Friday, 04/26/2024 12:56:20 PM

Friday, April 26, 2024 12:56:20 PM

Post# of 10674
Morgan Stanley Is Doubling Down on Nvidia (NVDA) Stock
Wall Street remains as bullish on Nvidia as ever

45m ago · By Samuel O'Brient, InvestorPlace Reporter
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Nvidia (NVDA) is rising today on the news that Morgan Stanley (MS) has upped its bet on NVDA stock.
The investment bank sees big things ahead for the artificial intelligence (AI) leader.
NVDA stock is likely to keep rising as Wall Street enthusiasm continues to spread.
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NVDA stock - Morgan Stanley Is Doubling Down on Nvidia (NVDA) Stock
Source: Piotr Swat / Shutterstock.com
Wall Street’s enthusiasm for Nvidia (NASDAQ:NVDA) isn’t slowing down. The vast majority of analysts currently rate it as a “buy” and maintain bullish price targets. But one prominent financial institution just increased its bet on the artificial intelligence (AI) leader, seizing on the opportunity to acquire NVDA stock on a recent dip. Morgan Stanley (NYSE:MS) has staked an even bigger bet on the AI breakout sensation, which it currently maintains an “overweight” rating and $1,000 price target.
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