Morgan Stanley reinstated Nvidia as its preferred semiconductor stock and top semiconductor pick, saying the company is well positioned at 15 times projected fiscal 2028 earnings. Analyst Joseph Moore based the view on meetings with CEO Jensen Huang, CFO Colette Kress and investor relations head Toshiya Hari, as well as Nvidia’s broad customer and cloud-partner base. Morgan Stanley said AI infrastructure bottlenecks are shifting from chip production to data-center construction and financing, which it believes favors Nvidia. Barclays separately raised its 2027 hyperscaler-revenue forecast for Nvidia to about $401 billion from $370 billion, while Nvidia’s latest results showed revenue of $96.22 billion, up 106% year over year.