According to BeInCrypto, Nvidia’s shares broke through a previous record on October 2, reaching an intraday high of roughly $237.83 and surpassing the May peak. Morgan Stanley acted as the immediate catalyst when analyst Joseph Moore reinstated Nvidia as the firm’s top semiconductor pick after meeting with CEO Jensen Huang and CFO Colette Kress.
Wall Street analysts continue to project substantial upside potential, with some estimates indicating up to 99 percent growth above the current level. The price target revision follows the reaffirmation of Nvidia’s leading status among semiconductor firms.
