Nvidia Stock Falls on New Export Controls, But Analysts Still Bullish on Long Term Growth

Nvidia stock has fallen recently due to new US export controls on AI chips to China, but impact expected to be limited.

Morgan Stanley analyst says new controls are "draconian" but doesn't expect meaningful financial impact.

Analyst Joseph Moore keeps Overweight rating and $600 price target (45% upside).

Nvidia business still expected to exceed expectations despite export control setback.

Overall Wall Street analyst consensus is strongly bullish on Nvidia with $645 average price target (56% upside).