Morgan Stanley raises Nvidia price target to $300

By Splitfeed EditorialLast updated Oct 5, 2026, 14:40 UTC

On October 5, 2026, Morgan Stanley raised its price target for Nvidia to $300, describing the chipmaker as having more room to run. The bank also identified Nvidia and Broadcom as relatively insulated from a broader AI power crunch that it said is squeezing chip supply chains more generally. Separately, reporting from October 3 noted that Nvidia had secured roughly one third of global memory supply for 2027, while the company's share buyback capacity reached $235 billion. Nvidia also signed a White House AI pact around the same period, adding a policy dimension to an otherwise financial news cycle.

The confluence of these developments matters because each one, taken alone, would be a significant data point; together they sketch a picture of a company actively consolidating its position across supply chains, capital markets and government relations simultaneously. Locking up a third of 2027 memory supply suggests Nvidia is betting heavily on continued demand and is willing to use its scale to crowd out competitors before that demand materializes. The $235 billion in buyback firepower signals confidence in its own valuation, or at least a desire to support it. The Morgan Stanley call adds Wall Street's formal endorsement to what is already a crowded bull thesis. What remains genuinely in dispute is whether the AI infrastructure buildout justifies these positions or whether the power constraints Morgan Stanley flagged across the broader chip sector represent a ceiling that even Nvidia cannot escape indefinitely.

None of the three camps, Pro-AI, Anti-AI or Middle Ground, have published reactions to this specific story yet. Pro-AI voices would typically point to the Morgan Stanley target and the memory supply move as confirmation that AI hardware demand is durable and that Nvidia's dominance is structural rather than cyclical. Anti-AI commentators would be expected to focus on the systemic power crunch Morgan Stanley described, arguing that energy limits and concentrated supply chain control are warning signs of fragility rather than strength. A middle ground position would likely acknowledge the near-term financial momentum while questioning whether a $300 target and a one-third grip on memory supply represent healthy market dynamics or a concentration of risk that benefits one company at the expense of the broader ecosystem.

The near-term figure to watch is how Nvidia's share price moves relative to the $300 target as Q3 2026 earnings approach, alongside any regulatory or government response to the White House AI pact that could clarify what obligations or benefits that agreement carries for Nvidia specifically.