NVIDIA Watch posted an update
Nvidia shed more than $427 billion in market value over the first two trading sessions after Jensen Huang disclosed an affair and the company’s board opened an investigation, Fox Business reports. The shares then rebounded about 3.5% on Wednesday afternoon.
Why it mattersThe story also reports that Baird cut its rating to Neutral, citing uncertainty over future data-centre spending and Huang’s tenure. Morgan Stanley removed Nvidia from its Top Pick list but kept its Overweight rating. That is a sharp market reaction, not a verdict on Nvidia’s long-term prospects or on the allegations surrounding the inquiry.
Discuss: How much should a CEO controversy change an investor’s view of a company whose fortunes are also tied to the wider AI-chip boom?
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