
Radek Strnad 2023/03/17 3:38pm
What Happened: Shares of designer of graphics chips Nvidia (NASDAQ:NVDA) were up 5.49% in the pre-market session after Morgan Stanley upgraded the stock's rating to Overweight (Buy) from Equal-Weight (Hold) and raised the price target to $304 from $255. The price target implies 19% upside from the current price. The analyst noted that the AI secular trend is a major tailwind for Nvidia, while data center issues have mostly faded. After the initial pop the shares cooled down to $259.76, up 1.2% from previous close. ... Continue Reading