Tech · Market move
Six Downgrades in One Night: Wall Street Cools on Nvidia
Analysts cut their calls as the leadership crisis deepened, and some see more room to fall.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Six analysts downgraded Nvidia between Wednesday night and Thursday morning.
- Oppenheimer removed its price target altogether.
The downgrades came as the board weighed Huang’s future, according to Yahoo Finance. Melius Research’s Ben Reitzes was among those who cut their rating.
Wedbush’s Dan Ives told CNBC that Nvidia would be worth 25% to 30% less without Huang. The shares were down about 9% on Thursday, CNBC reported.
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