NVIDIA Hits Record High as Morgan Stanley Maintains Bullish Stance

NVIDIA's stock (NVDA) hit a historic high on October 5, 2026, climbing 2.12% with a trading volume of $30.139 billion. Morgan Stanley reaffirmed its "Overweight" rating and set a target price of $300, citing six key strengths: a diverse customer base, high-margin software and services, increasing cloud provider investments, a strategy to boost revenue per gigawatt, strong processor demand, and a $500 billion commitment to AI data centers.

The firm projects NVIDIA's earnings per share to reach around $15 in 2027, with revenues expected to grow from $216 billion in 2026 to $406 billion in 2027 and $690 billion in 2028. GuruFocus's GF Value™ indicates the stock is 40.7% undervalued, with a current price of $238.90 compared to an intrinsic value of $402.64. The company's GF Score™ stands at 95/100, highlighting strong financial health and growth potential.

Despite positive indicators, institutional investor activity is mixed, with 12 gurus adding positions and 20 trimming holdings. Insider selling has also been significant, totaling approximately $967.6 million in the past three months. This cautious sentiment contrasts with Morgan Stanley's bullish outlook and GuruFocus's undervaluation assessment.

NVIDIA, with a market capitalization of $5.76 trillion, remains a leader in accelerated computing and AI infrastructure. Its diverse portfolio spans gaming, professional visualization, and autonomous vehicles, positioning it as a key player in the tech sector. Investors should weigh these factors carefully when considering NVIDIA's stock.