Morgan Stanley Investment Management’s Andrew Slimmon, a senior portfolio manager at Morgan Stanley, has suggested that NVIDIA (NASDAQ:NVDA) may have a historical buying signal that has historically rewarded patient investors. This comes after a 15% drop in the stock market. Slimmon argues that earnings revisions, which are usually a reliable predictors of future returns, have been one of the worst-performing factors year-to-date. Investors are more focused on macro headlines, including Iran, oil at nearly $100 a barrel, AI disruption panic, and private credit stress, rather than individual company fundamentals. Despite this, Nvidia recently reported a quarter where revenue surged $68.13 billion, up 73% from last year's fourth quarter, earnings per share jumped 60% and free cash flow climbed 64%. BofA Securities has raised its Buy rating and price target to $300 ahead of the event.