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Nvidia’s (NVDA) Q4 report has already sent shockwaves through the tech sector. Although shares sold off on the results, Nvidia delivered a robust revenue beat and indicated that demand for its GPUs remains strong.
According to Morgan Stanley analysts, estimate-beating results from Nvidia could act as a catalyst for significant gains in Asia-based tech stocks. Their research indicates that if Nvidia’s revenue continues to defy expectations, Asian-based artificial intelligence (AI) names could see price upside ranging from 3% to 15%.