Nvidia Stock Remains Analyst's Top Pick: 'DeepSeek Selloff Is A Buying Opportunity'

NVIDIA Corporation NVDA was one of several technology stocks hit by the emergence of Chinese AI competitor DeepSeek.

An analyst sees the pullback as a buying opportunity.

The NVDA Analyst: Morgan Stanley analyst Joseph Moore maintains an Overweight rating on Nvidia with a $152 price target.

The Analyst Takeaways: DeepSeek could create some headwinds for Nvidia in the longer-term, Moore said in a new investor note.

"But near-term checks are firming, both Hopper and all flavors of Blackwell," Moore said.

The analyst said Blackwell supply visibility is building and the desire for customers to spend is "clearly on display."

"DeepSeek selloff is a buying opportunity."

Nvidia is maintained as the analyst's top pick.

The analyst said DeepSeek marks a "strong evolutionary upgrade in the AI space," but comes in a space where Nvidia continues to improve AI performance and will continue to do so.

Nvidia could have several headwinds from the DeepSeek emergence including further export controls, a different financing environment for AI spenders and investor sentiment on the company turning negative.

"While we have several reasons to believe that large cluster builds will continue, mostly because the architects of those clusters are insisting so loudly every day, the cynicism is overwhelming."

Moore said confidence is building for Hopper and Blackwell and the expectation is overall positive commentary from Nvidia in the upcoming quarterly financial report.

"For Nvidia's customers in cloud, the revenue algorithm remains clear – ‘the more GPU's I buy, the more money I make.'"

NVDA Price Action: Nvidia stock is up 2.5% to $127.92 on Thursday versus a 52-week trading range of $66.25 to $153.13. Nvidia stock is down 7.4% year-to-date in 2025, but remains up over 87% in the past year.

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