By Namrata Sen
Publication Date: 2025-12-01 13:33:00
Morgan Stanley has raised its price targets for Nvidia Corporation (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO), citing the ongoing momentum in artificial intelligence (AI).
Analyst Boosts Targets On AI Strength
Morgan Stanley’s analyst Joseph Moore reiterated the bank’s overweight rating for Nvidia, setting a new price target of $250, up from $235, representing a 41% increase from the chipmaker’s Friday closing price, reported CNBC.
Moore wrote that NVIDIA is continuing to hold a dominant share of the market and that concerns about competitive threats are “becoming overstated,” though he added that it is still unclear what might shift investor sentiment.
Moore also maintained an overweight rating for Broadcom and increased the price target to $443 from $409. This new target represents a 10% rise from Broadcom’s Friday closing price. Moore highlighted Broadcom’s significant AI exposure as a positive factor and commended the company’s growth potential. He…