Nvidia’s ‘impressive’ GTC keynote had ‘no big surprises,’ says Morgan Stanley

Morgan Stanley says there “were no big surprises” during CEO Jensen Huang’s keynote as part of Nvidia’s GPU Technology Conference, but adds that Blackwell performance claims highlighted the “impressive” and says that the performance of the Blackwell family “will raise the bar yet again.” Despite all that has happened in the last 18 months, it is clear from the GTC keynote that Nvidia believes it is “still early when it comes to unlocking the potential of generative AI” and the company also continues to push forward in services, omniverse, and robotics, says the firm, which continues to prefer Nvidia over other AI contenders and keeps an Overweight rating and $795 price target on the shares.