Analysts Boost Nvidia Stock Outlook Amid AI Demand Surge

Nvidia is gaining attention as Morgan Stanley analysts expressed optimism following the company's recent GTC event, highlighting strong demand for its Blackwell GPUs, with cloud providers ordering 3.6 million units for 2025. CEO Jensen Huang emphasized the need for increased computing power due to the evolution of AI, predicting $1 trillion in data center investments by 2028. Analysts from Bank of America and Bernstein reaffirmed their bullish ratings, citing Nvidia's competitive advantages and its expected dominance in the AI sector. Despite this positive sentiment, Nvidia's stock has faced challenges, recently trading down at $115.43. Huang's projections underscore a shift in the AI landscape toward more resource-intensive models, which could further drive demand for Nvidia's products. Overall, the market remains cautiously optimistic about Nvidia's future amidst ongoing competition and budget concerns.