Why did NVDA move on Jul 10, 2026?

Nvidia (NVDA) stock rose over 4% on July 10, 2026, driven by a highly positive analyst action from Morgan Stanley. Analyst Joseph Moore reiterated an Overweight/Buy rating and a $288 price target following a non-deal roadshow with Nvidia's executive team. During the roadshow, CEO Jensen Huang boosted investor sentiment by projecting quarterly revenues approaching $100 billion, dismissing rumors of a delay for the next-generation Rubin Ultra architecture, and denying reports of a delay to its Kyber rack-scale system.