Customers "begging" for NVDA's GPUs Nvidia's graphics processing units (GPUs) are considered the world's best, and demand for them is high, with the world's biggest tech companies choosing them above the competition. Oracle co-founder Larry Ellison recently said he and Tesla chief Elon Musk actually "begged" Nvidia for more GPUs.
As mentioned, Nvidia doesn't just stick to GPUs. The company offers everything a customer may need to launch and maintain its AI projects -- and that customer can access Nvidia through any public cloud, making it easy to find the company's offerings.
Morgan Stanley (MS, Financial) has raised its price target for Nvidia (NVDA, Financial) from $150 to $160, citing Nvidia's recent bullish performance and anticipated easing of supply-chain challenges. Morgan Stanley analysts, led by Joseph Moore, forecast that Nvidia's new Blackwell product line will significantly boost revenue in the January quarter, with expected sales in the $5-6 billion range. However, these potential gains may face some offset due to ongoing supply constraints, which could affect current quarter guidance.
Analysts at Piper Sandler see a 20% upside for the stock and raised their price target to $175 from $140 and made it their top large-cap pick on Monday. Nvidia is positioned to gain most from the increase in the total AI accelerator market which they see will be $70 billion in 2025.
Melius Research analysts also raised their price target to $185 from $165 and maintained their buy rating.