(Bloomberg) -- The selloff in SpaceX shares has driven the stock near a level that would imply investors are assigning no value to its artificial intelligence business, according to analysts at Morgan Stanley. "We believe the current disconnect between increasingly bearish investor sentiment and largely unchanged fundamentals creates an attractive entry point in SpaceX shares." At that level, he argues, investors are pricing in zero or even negative value from its AI segment. The analyst has a $300 price target on SpaceX's stock, out of which more than 50% is ascribed to the company's AI segment. The average price target of about $232 implies the stock will more than double from where shares currently trade.