Wall Street just downgraded $NVIDIA(NVDA.US) 6 times in one nightBernstein, Baird, Evercore ISI, Melius, Oppenheimer and…
Wall Street just downgraded $NVIDIA(NVDA.US) 6 times in one night
Bernstein, Baird, Evercore ISI, Melius, Oppenheimer and William Blair all cut the stock after the board met Wednesday evening to decide whether to remove Jensen Huang as CEOBaird slashed its price target from $500 to $200, Evercore from $465 to $186 and Bernstein from $400 to $200Even Melius, a longtime bull, moved to Hold with a $185 target$NVIDIA(NVDA.US) is down more than 7% premarket near $161, while $AMD(AMD.US) and $Broadcom(AVGO.US) trade higherNo decision has been announced yet. Semafor reports some directors favor CFO Colette Kress as interim CEO, and Bloomberg says an outside firm is already searching for a successorWhen the analysts who defended the stock for years all blink on the same night, the debate is no longer about AI demand. It is about who runs the company at the center of the AI tradeSource: StockMarket.News
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