Why Bernstein Downgraded Nvidia Stock

🇺🇸 Bloomberg (US) —

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Bernstein downgraded Nvidia from outperform to market perform and lowered its price target from $400 to $200. The report also discusses the stock outlook amid reports about CEO Jensen Huang's personal life.

Stacy Rasgon, Managing Director and Senior Analyst at Bernstein Research, was asked why his team said in a note they’ve “had enough” before he discusses the outlook for Nvidia in the wake of fresh reports of CEO Jensen Huang’s extramarital affairs. Bernstein was the latest firm to downgrade the stock, cutting its rating to market perform from outperform while lowering its price target to $200 from $400. (Source: Bloomberg)

Markets AI & Tech Nvidia stock downgrade Bernstein Research Jensen Huang price target semiconductors

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