Morgan Stanley names Nvidia top pick and keeps USD 300 target for Nvidia stock

Published on 10/02/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nvidia added USD 150.00 billion to buybacks on September 28, 2026. Nvidia stock costs EUR 209.53 on October 2, 2026 versus EUR 205.60.

Isometrische 3D-Illustration eines modernen KI-Rechenzentrums mit Serverreihen, Kühlsystemen und Kabeltrassen in einer Draufsicht im 45-Grad-Winkel, blaue Farbpalette — Nvidia US67066G1040 KI-Rechenzentrum als detaillierte isometrische 3D-Illustration mit Serverreihen in kühlen Blautönen, Illustration mit AI erstellt.

Nvidia stock (ISIN US67066G1040) was trading at EUR 209.53 at Lang & Schwarz on October 2, 2026 at 4:09 p.m. CEST, up 1.91 percent versus the prior close of EUR 205.60. According to Yahoo Finance on October 2, 2026, Morgan Stanley reinstated Nvidia as its top semiconductor pick, maintained an Overweight rating and kept a USD 300.00 price target.

Morgan Stanley backs AI infrastructure

Morgan Stanley's renewed top-pick status followed meetings with CEO Jensen Huang and CFO Colette Kress, according to Yahoo Finance. The firm highlighted Nvidia's broad customer base, spanning traditional hyperscalers and frontier AI laboratories, while pointing to revenue generated per gigawatt of deployed data-center power.

The USD 300.00 target is a separate valuation reference from the EUR 209.53 Lang & Schwarz quote. Currency differences prevent a direct target-distance calculation, but the analyst action gives the October 2 market move a concrete institutional context.

Buyback adds USD 150 billion

NVIDIA announced on September 28, 2026 that its board authorized an additional USD 150.00 billion for share repurchases. The remaining authorization rose to USD 235.00 billion, with execution planned through fiscal 2028. For investors, the size of the authorization matters because it adds a potential source of per-share support alongside continued investment in AI infrastructure.

Revenue remains the operating anchor

NVIDIA reported USD 96.22 billion of revenue for the second quarter of fiscal 2027, ended July 26, 2026. Revenue rose 18.00 percent from the prior quarter and 106.00 percent from the year-earlier quarter, keeping operating growth at the center of the stock's valuation.

The primary Nasdaq quote was USD 237.25 at 10:21 a.m. EDT on October 2, 2026. NVIDIA's market capitalization was USD 5.7 trillion, while its 52-week range stood at USD 164.27 to USD 237.84 on the same date.

Next results are scheduled for November

Yahoo Finance lists November 18, 2026 as Nvidia's next quarterly earnings announcement. That date places the next major test of AI infrastructure demand after the buyback decision and the latest revenue result.