The firm stated that its “checks remain very strong, and getting stronger,” and highlighted that bullish earnings assumptions are already widespread. Morgan Stanley is hearing “references to $9+ in earnings power this year, vs. consensus $7.75,” making near-term upside “highly likely.”The bank argued that several concerns weighing on sentiment are overstated. Some investors are also focused on financing for frontier model developers and “NVIDIA’s role in that financing,” which Morgan Stanley stated requires “some adjustment.”Concerns around competitive dynamics with ASICs and AMD persist but are “overblown,” the firm believes. A key catalyst, according to Morgan Stanley, will be the upcoming Vera Rubin platform, which should offer a “strong demonstration of NVIDIA’s leadership” and help address share concerns. Related articlesNvidia stock: Morgan Stanley explains what it will take for shares to outperformWhich EU stocks are the biggest winners and losers from stronger EUR/USDASML rises as Barclays lifts rating after results, sees scope for more upside