Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and a $288 price target for Nvidia (NVDA) after meetings with CEO Jensen Huang, as the chipmaker’s market capitalization hovers above $4.7 trillion. Moore highlighted four new growth drivers that can sustain “accelerating growth rates” even as quarterly revenue races toward the $100 billion mark. The bank pushed back against speculation that Nvidia’s next-generation Rubin Ultra platform could face delays, stating the product remains on track for launch next year. Nvidia told Morgan Stanley that AI memory will stay in short supply for the next few years. Data Center revenue hit $75.25 billion in the fiscal 2027 first quarter, a 92% year-over-year leap, while Data Center Networking surged 199% to $14.8 billion. The Vera Rubin platform has ramped to full production and will begin shipping in commercial quantities in the coming months. According to Nvidia, developers can train AI models with 75% fewer GPUs compared to Blackwell-based systems, and inference token costs could drop by as much as 90%. Huang said every frontier model company plans to adopt Vera Rubin at launch. Wedbush Securities analyst Matt Bryson argued the Vera CPU could become a growth lever, potentially outperforming x86-based processors.