--- title: "Morgan Stanley Sounds the Bullish Drum on Nvidia Stock" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/279683153.md" description: "Morgan Stanley's Joseph Moore is bullish on Nvidia (NASDAQ: NVDA) following CEO Jensen Huang's optimistic projections at the GTC conference. Huang estimates AI chip revenue could reach $1 trillion by 2027, up from a previous $500 billion forecast. Moore believes this update is not particularly newsworthy but acknowledges strong demand for Nvidia's products. He expects stable market share and strong AI-driven spending through 2027, viewing current stock underperformance as an attractive entry point. Moore maintains an Overweight rating on Micron shares with a $260 price target, indicating a 44% upside." datetime: "2026-03-19T03:18:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279683153.md) - [en](https://longbridge.com/en/news/279683153.md) - [zh-HK](https://longbridge.com/zh-HK/news/279683153.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279683153.md) | [English](https://longbridge.com/en/news/279683153.md) # Morgan Stanley Sounds the Bullish Drum on Nvidia Stock **Nvidia (****NASDAQ:NVDA****)** is the talk of the town this week as its GTC conference is in full swing. CEO Jensen Huang kicked things off yesterday by laying out how big he thinks the AI opportunity can get, saying AI chip revenue could reach $1 trillion by 2027, a big jump from the company's prior projection of $500 billion in demand through 2026. ### Claim 70% Off TipRanks Premium - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Morgan Stanley's Joseph Moore, an analyst who ranks among the top 3% on Wall Street, believes the reference to $1 trillion is simply an update to the $500 billion figure presented at GTC last year, which covered revenue expectations for 2025 through 2026, and is therefore not particularly newsworthy, with the new outlook extending that timeframe by an additional year. Based on Huang's estimates, revenue from Hopper and related products could reach around $100 billion over the 2025–2027 period, implying total data center revenue of roughly $1.1 trillion across the forecast period. This compares with Moore's (and consensus) estimates that are closer to $950 billion. With 21 months remaining, there is a strong possibility these figures will continue to increase. Huang has already indicated that the $1 trillion figure reflects supply constraints, noting that demand for computing is expected to exceed that level. Beyond the $1 trillion figure, Moore noted that the keynote focused heavily on inference, highlighting how Nvidia's hardware and software leadership is powering the next generation of agentic AI workloads. Huang emphasized that the "inflection point of inference has arrived," signaling a shift from building AI to actively using it. He reiterated points from MS's recent conference about GPU demand "skyrocketing," driven by a million-fold increase in computing needs over the past two years given the surge in inference workloads. Huang argued that the current spike in token demand is just a small fraction of what's coming, as AI agents are poised to further unlock value from the vast amounts of structured and unstructured enterprise data. "As always, Jensen clearly articulated what we see as the greatest strength – the flywheel effect of a dominant ecosystem, where the dominance leads to investment into improving the ecosystem continuously," the 5-star analyst went on to say. Trade NVDA with leverage Looking at the bigger picture, Moore believes the company's market share will stay more stable than the market expects, and that AI-driven spending will remain strong through 2027. The performance jump with Vera Rubin challenges the idea that ASICs are "catching up," and with supply constraints affecting all vendors, short-term market share shifts aren't very meaningful. "We expect that similar to what we have seen over the last 3 years, at some point the market will become more comfortable with CY27 growth, which should cause the stock to outperform," Moore summed up. "The underperformance here looks to be giving us an attractive entry point, and the stock remains our Top Pick in semis." To this end, Moore doubles down on Micron shares, assigning an Overweight (i.e., Buy) rating and a $260 price target, implying 44% upside from current levels. (To watch Moore's track record, click here) Elsewhere on the Street, MU claims an additional 38 Buys and 1 lone Hold, for a Strong Buy consensus rating. The average price target stands at $274.16, a figure that factors in 12-month returns of 52%. 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