Nvidia Unveils 6,144-Core RTX Spark Chip as MS Retains $288 Target
NVDA•Nvidia retains Morgan Stanley’s Overweight rating and $288 price target after Computex meetings reinforced confidence in its AI GPU leadership and expanding CPU business. The company also unveiled the RTX Spark superchip—combining a Blackwell RTX GPU with 6,144 CUDA cores and a 20-core Grace CPU—for Windows laptops and PCs.
1. Valuation Assessment
A KeyBanc Capital Markets analyst described Nvidia’s current valuation as perplexing but maintained it offers the best risk-reward profile in the AI chip sector, arguing no merchant silicon competitor can match its performance trajectory.
2. Morgan Stanley’s Bullish Outlook
Morgan Stanley analysts kept an Overweight rating and $288 price target on Nvidia after in-person meetings with management at Computex reinforced confidence in the company’s leadership in AI-focused GPUs and the growth potential of its CPU business.
3. RTX Spark Superchip Launch
Nvidia introduced the RTX Spark superchip, integrating a Blackwell RTX GPU with 6,144 CUDA cores and fifth-generation Tensor Cores alongside a 20-core Grace CPU, designed to power local AI agents and high-performance workloads on Windows laptops and personal computers.
