Morgan Stanley analysts, led by Joseph Moore, have projected strong fourth-quarter earnings for NVIDIA, driven by continued growth in the AI sector. The analysts highlighted that NVIDIA's previous quarter results were exceptionally strong, with revenue surpassing expectations by nearly $3 billion. They anticipate a sequential revenue increase of $10 billion, suggesting that growth remains robust.
The analysts believe there is potential for NVIDIA's $64 billion revenue forecast to increase by an additional $2 billion or more. They consider the current consensus forecast of $72 billion to be conservative, indicating confidence in NVIDIA's ongoing performance amid the AI boom.
Morgan Stanley Predicts Robust Q4 Earnings for NVIDIA Amid AI Expansion
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