Despite the volatility, Morgan Stanley is still standing its ground on Nvidia (NVDA) stock.

The big bank stuck with an Overweight rating on the AI bellwether’s stock, slapping a $250 price target.

The fresh target implies an eye-popping 30% upside from Nvidia’s current price, hovering around $192.

In fact, the bank lays out an even loftier $330 bull case on robust execution and a $150 bear case if growth cools off quicker than expected.

It has clearly been a busy week for Nvidia, marked by China green-lighting first H200 chip imports and encouraging hyperscaler capex cues.

Consequently, since the last time I covered Nvidia stock (on Jan. 22), it’s up nearly 4% with its current market cap at a dizzying $4.68…