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NVIDIA (NVDA) target raised at Morgan Stanley as business 'continues to strengthen'

April 10, 2024 8:16 AM EDT

Morgan Stanley raised its price target for NVIDIA (NASDAQ: NVDA) to $1,000 from $795 in a note Wednesday, reiterating an Overweight rating on the stock, saying the business continues to strengthen.

Despite Nvidia's strong rise so far this year, Morgan Stanley made the case for maintaining outsized exposure to AI, adding that NVIDIA is increasingly the... More