Analyst revises Nvidia stock price target

Core Insights - Nvidia has reached an all-time high stock price of $149.45, currently trading around $147.63, reflecting a 6.38% gain over the past five days [1] - The stock has fluctuated between $128.74 and $149.77 in the past month, with a support zone forming between $135.39 and $137.37 [2] - Morgan Stanley has raised Nvidia's price target from $150 to $160, maintaining an "Overweight" rating, while highlighting potential margin uncertainties with the upcoming Blackwell AI chip ramp [3] Stock Performance - Nvidia's stock has shown significant upward momentum, reaching a new 52-week high while the S&P 500 also trades near record levels [1] - The recent trading range indicates volatility, with traders advised to consider waiting for a pullback or consolidation before entering [2] Analyst Insights - Morgan Stanley's analyst Joseph Moore anticipates improved gross margins in the upcoming quarter but warns of potential margin declines during the initial ramp of the Blackwell chip [3] - The guidance suggests a decline in gross margins from 75.7% in July to 75.0% in October, which may be conservative given previous costs associated with Blackwell [3] - The ramp-up of Blackwell and related products may introduce "immature yields and a bit of margin uncertainty," indicating challenges in transitioning from development to production [3]