Qualcomm to make data center processors that connect to Nvidia chips
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Morgan Stanley Reiterates Overweight Rating on NVIDIA (NVDA)
May 19, 2025 9:44 AM EDTMorgan Stanley analyst Joseph Moore reiterated an Overweight rating and $160.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "What did we learn: Nvidia made a handful of announcements during the key note. The most interesting of which was NVlink Fusion, a new variant of Nvidia's interconnect technology that extends the capabilities for use with a broader ecosystem including custom ASICs and non-Nvidia CPUs (Qualcomm and Fujitsu highlighted). We frankly need to spend more time to understand this strategy and the impact to the ecosystem, as clearly it... More
