Deep Tide TechFlow message, according to Chaoxiang Research, a Morgan Stanley roadshow feedback report dated July 13 states that Nvidia’s biggest current problem is not the fundamentals, but the lack of incremental funding driven by its market-cap size. With quarterly growth of 95%, and management believing growth will accelerate, its free-cash-flow yield next year could exceed 5%, with more than half likely returned to shareholders—value investors may become a new buying force. Morgan Stanley also focuses on Nvidia’s NeoCloud financing support model, which provides cloud service providers with credit guarantees in exchange for revenue sharing, creating a recurring income stream with 100% gross margin beyond hardware. Morgan Stanley maintains an Overweight rating on Nvidia, with a target price of $288.