Nvidia stock is set to be driven by investment in artificial-intelligence infrastructure from Microsoft and Meta but it also needs to fend off rivals.

Morgan Stanley has raised its price targets for Nvidia, AMD, and Broadcom, citing accelerating AI demand and strong second-half outlooks.

Analysts at Morgan Stanley reiterated Nvidia as a top investment idea, labeling the stock “Overweight” with a price target of $185, implying a 10.8% upside from current levels. Some analysts are even more bullish, with Street-high targets reaching $250, suggesting nearly 50% potential upside.