NVIDIA GTC Paris conference sparks a new wave of growth, investment banks unanimously call for "buy"

According to the Zhitong Finance APP, the NVIDIA (NVDA.US) GTC Paris Developer Conference held this week has opened up new growth opportunities for this AI chip leader. Morgan Stanley and Evercore ISI, two major investment banks, have successively released research reports, reaffirming their strong optimism for NVIDIA, with target prices set at $170 and $190, respectively.

According to the team of Morgan Stanley analyst Joseph Moore, the computing power blueprint presented by NVIDIA at the conference is astonishing: the company plans to deploy over 3,000 exaflops of Blackwell architecture computing power, with the first phase of cooperation involving 18,000 GB200 chips with French AI startup Mistral, and next year's expansion plans will cover multiple regions.

In the UK market, NVIDIA will collaborate with Nebius and Nscale to create a computing power cluster of 14,000 GB200 chips, while partnering with five operators including Swisscom, Telefónica, Norway's Telenor, Italy's Fastweb, and France's Orange, as well as partners like Domyn for in-depth layout.

Most notably, NVIDIA announced the creation of the world's first industrial AI cloud aimed at the European manufacturing sector, equipped with 10,000 Blackwell GPUs, and will establish a network of AI R&D centers in Germany, Sweden, Italy, Spain, the UK, and Finland.

After the conference developments, Morgan Stanley reaffirmed its "Overweight" rating and "Preferred" rating for NVIDIA, with a target price of $170.

Evercore ISI analysts Mark Lipacis and Natalia Winkler focused on NVIDIA's European ecosystem expansion. They pointed out that NVIDIA is co-building a localized AI computing power network with five European telecom operators, 19 cloud service providers, and 16 supercomputing centers, all of which utilize NVIDIA hardware infrastructure.

Of particular note is that as the EU plans to support 20 AI factories (including several super factories), NVIDIA expects each gigawatt-level factory to drive investments of $40 billion to $50 billion, with these projects set to roll out in the coming years, creating substantial incremental demand for American cloud service providers.

In response, Evercore ISI reaffirmed its outperform rating and $190 target price, while maintaining NVIDIA as a "top semiconductor core holding."

Both investment banks emphasized that NVIDIA is consolidating its AI computing power dominance through a "hardware + ecosystem" dual-drive strategy. From specific cooperation projects to EU industrial policy support, and the comprehensive rollout of the Blackwell architecture, this chip giant's strategic depth in the European market continues to expand, and its stock price upside potential is generally viewed positively by institutions