Nvidia (NASDAQ: NVDA) opened today’s trading session on a positive note, reportedly in talks to invest $30 billion in OpenAI.
Separately, CEO Jensen Huang has said that he hopes China will approve the company’s ability to sell its H200 AI chips in the country, with the licensing process nearing completion, according to Reuters.
“The H200, the actual license for H200, is being finalized. And I’m hoping that also the Chinese government would allow Nvidia to sell the H200, so they have to decide. And I’m looking forward to a favourable decision” Huang told Reuters.
Accordingly, Morgan Stanley reiterated its ‘Overweight’ rating and $250 price target on Nvidia on Thursday, January 29, pointing to increasingly strong market checks across the artificial intelligence (AI) landscape.
The chipmaker, now valued at roughly $4.65 trillion, has underperformed recently. Nonetheless, the banks highlighted that valuation remains compelling relative to growth, with expectations for 63% revenue growth.
2026 Nvidia price target
Bernstein also reiterated its ‘Buy’ rating on the stock a day earlier, maintaining a 12-month price target of $275 and showing confidence in the chipmaker’s long-term growth prospects despite recent volatility across the semiconductor sector.
Analyst Stacy Rasgon pointed to Nvidia’s dominant position in AI accelerators, data center GPUs, and high-performance computing, where demand remains consistent.
Rasgon also noted that Nvidia continues to benefit from the secular expansion of AI, with hyperscalers, enterprises, and sovereign customers steadily increasing investment in AI infrastructure.
While acknowledging near-term valuation sensitivity and the potential for consolidation after strong prior gains, Bernstein views any pullbacks as attractive entry opportunities, citing Nvidia’s unmatched scale, execution track record, and visibility into multi-year growth drivers.
Overall, the take broadly agrees with Wall Street’s consensus, given that the company has had a total of 41 ‘Buy’ ratings over the past 90 days, as per TipRanks.
As for the price forecasts, Morgan Stanley’s is slightly below, while Bernstein’s is slightly above the average Wall Street NVDA share price target for the next 12 months, which sits at around $264, implying a nearly 40% upside from the current price.
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