🔥🚀NVIDIA: 📊 WALL STREET STILL THINKS $NVDA IS WORTH ALMOST DOUBLE ITS PRICE 🤷♂️👀 , even as the Jensen Huang scandal drags the stock down.
Nvidia has lost about $600B in market value this week after reports tied Huang to a suspected Chinese spy. Shares fell another ~8% after hours Wednesday when the WSJ reported the board is preparing to oust him. 📉
Analysts aren’t running yet. The average target is ~$316, about 81% above Wednesday’s ~$175 price, and 77 of 82 analysts still rate it a Buy. Morgan Stanley and Bank of America both still say Buy. 🟢
But the cracks are showing. Baird downgraded to Neutral and slashed its target from $500 to $200, citing rising odds of a CEO change. Mizuho, Citi and Wells Fargo also trimmed theirs.
#HuangExitNvidiaStrategyInFocus
#AnthropicRejectsIPODelayValuationinQuestion
#CoreWeaveJumps10%On168%RevenueGrowth
#USJoblessClaimsRise
#BinancePick $TSMB $MSFTB
Nvidia has lost about $600B in market value this week after reports tied Huang to a suspected Chinese spy. Shares fell another ~8% after hours Wednesday when the WSJ reported the board is preparing to oust him. 📉
Analysts aren’t running yet. The average target is ~$316, about 81% above Wednesday’s ~$175 price, and 77 of 82 analysts still rate it a Buy. Morgan Stanley and Bank of America both still say Buy. 🟢
But the cracks are showing. Baird downgraded to Neutral and slashed its target from $500 to $200, citing rising odds of a CEO change. Mizuho, Citi and Wells Fargo also trimmed theirs.
#HuangExitNvidiaStrategyInFocus
#AnthropicRejectsIPODelayValuationinQuestion
#CoreWeaveJumps10%On168%RevenueGrowth
#USJoblessClaimsRise
#BinancePick $TSMB $MSFTB
