According to Zhitong Finance, on Wednesday, NVIDIA (NVDA.US) stock price rebounded strongly, rising over 10% as of the time of publication to $114.86. Morgan Stanley analyst Joseph Moore and his team released a research report expressing optimism about NVIDIA's long-term growth potential, expecting market concerns to diminish over time. Morgan Stanley re-evaluated NVIDIA stock as a &#34;top pick&#34; and maintained an &#34;overweight&#34; rating. They believe that this round of selling may present a very good buying opportunity, setting NVIDIA's target price at $144, 38.8% higher than Tuesday's closing price.
Other chip stocks also rose, with Qualcomm (QCOM.US) up over 4%, TSMC (TSM.US) up over 5%, and AMD (AMD.US) up over 8%

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NVIDIA's stock rose by over 10% to $114.86 with the support of analysts at Morgan Stanley. Morgan Stanley has re-rated NVIDIA's stock as a "top pick" with a target price of $144. Other chip stocks also rose, with Qualcomm up 4%, TSMC up 5%, and AMD up 8%

- Nvidia's stock (NVDA.US) surged over 10% to $114.86 as of the latest update, with Morgan Stanley analysts optimistic about its long-term growth potential, reiterating it as their "top pick" and maintaining an "overweight" rating. They view the recent sell-off as a good buying opportunity, setting Nvidia's target price at $144, representing a 38.8% increase from Tuesday's close. Other chip stocks like Qualcomm (QCOM.US), TSMC (TSM.US), and AMD (AMD.US) also saw significant gains.
- Morgan Stanley analysts are positive about Nvidia's long-term growth, reiterating it as their "top pick" with an "overweight" rating, setting a target price of $144, up 38.8% from the previous close. Qualcomm (QCOM.US), TSMC (TSM.US), and AMD (AMD.US) also experienced notable increases following Nvidia's strong rebound.
- Nvidia's stock surged over 10% to $114.86, with Morgan Stanley analysts optimistic about its long-term potential, setting a target price of $144, while other chip stocks like Qualcomm, TSMC, and AMD also saw significant gains.

U.S. Stock Market News | Supported by Morgan Stanley, NVIDIA Surges Over 10%