Ignore the AI Bubble Talk. Morgan Stanley Still Thinks Nvidia Stock Can Gain 40% from Here.

Morgan Stanley remains bullish on Nvidia (NVDA) stock despite growing concerns about an AI bubble. Analyst Joe Moore raised his price target on the chipmaker to $250 from $235, implying roughly 39% upside from current levels. The price hike comes as prominent investor Michael Burry intensifies his warnings that the AI investment boom mirrors the dot-com crash of the early 2000s. Burry recently launched a Substack newsletter called "Cassandra Unchained" to detail his bearish AI thesis. He argues that Nvidi ...