(CercleFinance.com) – Morgan Stanley resumed coverage of Nvidia stock on Tuesday with a ‘weight online’ recommendation and a price target of $217.
In a research note, the financial intermediary points out that the American chipmaker remains one of the players in the semiconductor sector offering the strongest growth, thanks to its differentiated portfolio in artificial intelligence and electronics. machine learning and its status as a leader in video games.
“That said, we are concerned about a possible deceleration in the games market and about the high valuation of the title compared to its peers, which sets the bar very high and poses a risk in terms of multiples”, he warns. in the study.
Nvidia shares are currently down about 0.5% on the New York Stock Exchange.
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