NVIDIA stock up in pre-market amid broader tech sector pressure

NVIDIA (NVDA) is trading higher in pre-market, recovering from recent declines, following a recent "Overweight" reiteration from Morgan Stanley who argued that the current software selloff sweeping the stock is illogical.

• The stock is trading at $177.35 (+1.81%) in pre-market, recovering from yesterday's close of $174.19 (-3.41%).
• Morgan Stanley specifically favors NVDA over Broadcom, citing the company's lower AI valuation multiple.
• The movement occurs despite broader tech sector pressure driven by ongoing AI concerns and weak economic indicators like the recent ADP jobs report.