Baird downgrades Nvidia on CEO Huang worries, AI uncertainty

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The investment bank moved its rating on the stock to neutral, and slashed its price target.

The investment bank moved its rating on the stock to neutral, and slashed its price target.

A potential drawdown in artificial intelligence-related capital expenditures by hyperscalers and worries about whether CEO Jensen Huang will remain at the company led Baird to downgrade Nvidia on Wednesday.

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