Morgan Stanley: Expecting Nvidia's Q4 performance to be strong, with growth driven by the AI boom not slowing down

BlockBeats News, February 25 — Morgan Stanley analyst Joseph Moore and his team expect Nvidia’s Q4 performance to be strong and are confident in the company’s full-year results. The analysts stated that Nvidia’s performance in the previous quarter was very robust, with revenue expected to increase by $3 billion, a quarter-over-quarter growth of $10 billion.

The analysts noted that the company’s revenue last quarter exceeded expectations by nearly $3 billion and projected an $8 billion quarter-over-quarter increase. Therefore, growth does not appear to be slowing down at this time.

He believes that the $64 billion revenue forecast still has room for an additional $2 billion or more, and added that the consensus of $72 billion in revenue is considered quite solid.