Nvidia's 60% target cut exposes a Wall Street split

Résumé détaillé

Evercore ISI slashed its Nvidia (NVDA) price target by 60%, from $465 to $186, while downgrading the stock from Outperform to In Line. Meanwhile, Bank of America maintained its…

You don't need to own Nvidia stock directly to feel the impact of its latest troubles. Through retirement accounts, index funds, and other assets, millions of Americans are exposed to the chipmaker.

Evercore ISI slashed its Nvidia (NVDA) price target by 60%, from $465 to $186, while downgrading the stock from Outperform to In Line.

Meanwhile, Bank of America maintained its Buy rating, even after lowering its target from $350 to $280.

The predictions of two big investment firms for the same stock varied by $94.

The dispute follows Jensen Huang's resignation as CEO of Nvidia on Thursday, Nov. 12, which put an end to his more than thirty years of leadership at the business he co-founded.

While the board looks for a long-term replacement, Chief Financial Officer Colette Kress has assumed the role of temporary CEO.

The more important issue is whether Nvidia's remarkable AI business can continue to expand without Huang leading its strategy.

And with earnings scheduled for Nov. 17, investors won't have long to wait for another important test.

One of the most significant adjustments to Nvidia's projection this week was made by Evercore ISI analyst Mark Lipacis.

Début de l'article, extrait de Yahoo Finance. Pour lire la suite, ouvrez l'article chez le média.