NVIDIA (NVDA.US) removed from Morgan Stanley's top pick list after stock price plummet, but "Overweight" rating and $300 target price maintained

According to Jinse Finance APP, JPMorgan announced in its latest research report released on November 11 that it has removed NVIDIA (NVDA.US) from its research department's preferred stocks list because the stock has fallen more than 25% since being added as a preferred stock on October 2, triggering the stop-loss policy for preferred stocks. However, JPMorgan emphasized that this adjustment does not imply any change in its assessment of NVIDIA's fundamentals or long-term growth prospects. The firm still maintains an “Overweight” rating and a 12-month target price of $300 for NVIDIA.