Analysts at Morgan Stanley reiterated Nvidia as a top investment idea, labeling the stock “Overweight” with a price target of $185, implying a 10.8% upside from current levels. Some analysts are even more bullish, with Street-high targets reaching $250, suggesting nearly 50% potential upside.

Nvidia stock is set to be driven by investment in artificial-intelligence infrastructure from Microsoft and Meta but it also needs to fend off rivals.

No stock has benefited more from recent AI developments than Nvidia (NASDAQ: NVDA), which is up over 900% in just the past three years and is the world's most valuable public company with a market capitalization of over $4.