Nvidia Target Cut By 60%: The Two Worries Behind Baird's Downgrade Amid Jensen Huang Scandal

Baird has downgraded Nvidia Corp. to Neutral from Outperform and slashed its price target from $500 to $200. The brokerage cited growing uncertainty regarding Chief Executive Officer Jensen Huang and a potential slowdown in artificial intelligence capital spending by major cloud providers. Analyst Tristan Gerra also warned of possible supply constraints and pre-emptive order cuts affecting data-centre growth. Open article →