Morgan Stanley Flags Nvidia’s 85% AI Processor Share, Recommends Samsung and Marvell
Morgan Stanley’s semiconductor analyst reinstated Nvidia as the firm’s top chip pick, noting its 85% share of AI processor revenue and an 18× expected 2027 earnings valuation. The team also advised buying Samsung after its 13% weekly slide and highlighted Marvell’s raised FY28 revenue outlook of nearly $15 billion.
1. Nvidia Reinstated as Top Pick
Morgan Stanley’s semiconductor analyst Joseph Moore has reinstated Nvidia as the firm’s top chip pick, highlighting its 85% share of AI processor revenue and trading at 18 times expected 2027 earnings per share, labeling current valuation an appealing entry point.
2. Samsung Pullback Cited as Entry Point
Analyst Shawn Kim recommended buying Samsung shares following a 13% weekly decline, citing shifts toward a hybrid AI memory architecture and Samsung’s progress in HBM4 qualification, SRAM capabilities and foundry flexibility as drivers for recovery.
3. Marvell Revenue Forecast Lifted
Benchmark and Bank of America upgrades on Marvell followed its raised fiscal 2028 revenue guidance to nearly $15 billion—well above the $12.92 billion consensus—and a 30% plus growth forecast for fiscal 2027, underpinning confidence in its custom chip and interconnect segments.