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Wall Street backs away from Nvidia as Jensen Huang uncertainty unfolds: What analysts are saying
Wall Street is finally moving to distance itself from stricken former AI stock darling Nvidia (NVDA) given the uncertainty surrounding its embattled founder, Jensen Huang.
The company's board is reportedly meeting to determine if it will oust Huang as chief executive, the Wall Street Journal reported late Wednesday.
According to the New York Times, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell, one of Huang's 60 or so direct reports.
Oppenheimer just took the eye-opening move (at least from a stock analyst perspective) to completely remove its price target on Nvidia as the Jensen Huang saga ratchets up. This action is usually taken on sub-$10 stocks that are highly volatile after a major negative event. Not one of the world's largest, most important companies.
Nvidia stock faces rare downgrades as board investigates CEO Jensen Huang's admitted affair
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Bullseye American Ingenuity Fund portfolio manager Adam Johnson explains why Nvidia stock remains a buy despite the boards investigation into CEO Jensen Huang. He argues the companys growth outweighs the executive scandal.
Artificial intelligence giant Nvidia is facing investor scrutiny due to concerns about the company's future amid its internal investigation into CEO Jensen Huang's affair with an alleged Chinese spy.
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