Zhi Tong Cai Jing·2025-12-02 01:36Group 1 - Morgan Stanley analysts raised the target prices for Nvidia (NVDA.US) from $235 to $250 and Broadcom (AVGO.US) from $409 to $443, citing strong momentum in artificial intelligence likely to accelerate significantly next year [1] - The analyst team, led by Joseph Moore, believes Nvidia will maintain its dominant market share, stating that concerns about threats to its position are overstated, although uncertainty remains about what could shift market sentiment [1] - The models predict that by fiscal year 2026, revenue growth for Broadcom and AMD (AMD.US) in AI processors will slightly outpace Nvidia, primarily due to supply chain constraints limiting revenue potential to $205 billion before 2026 [1] Group 2 - Analysts noted that clients' biggest concern over the next 12 months is their ability to procure sufficient Nvidia products, particularly the latest Vera Rubin chips [2] - While alternatives like Google's TPU (Tensor Processing Unit) are seen as reliable options with good economic benefits in certain applications, Nvidia recently achieved $51 billion in data center revenue, approximately 14 times that of TPU revenue, with a quarter-over-quarter revenue increase of $10 billion, which is about three times TPU revenue [2]