UPDATE: Morgan Stanley Initiates Coverage on NVIDIA

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According to a research report published this morning, Morgan Stanley has initiated NVIDIA
NVDA
with an Equal-weight rating. In the report, Morgan Stanley said, "We are optimistic about revenue opportunities in both slow growth PCs and the higher growth smartphone/tablet business, but NVIDIA is in a very heavy investment phase that should hold back earnings leverage. New customers in growth markets will be key." NVIDIA closed yesterday at $12.72.
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Posted In: Analyst ColorInitiationAnalyst RatingsMorgan Stanley
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