Nvidia stock gets second downgrade as CEO faces board ouster
Baird cut Nvidia to neutral and slashed its price target to 200 from 500.
The short version
- The AI chip maker faced a second downgrade amid a scandal over its chief executive.
- Nvidia joined a broader artificial intelligence stock rebound despite the leadership crisis.
Nvidia received its second downgrade this week from a Wall Street analyst amid a scandal involving its chief executive and an alleged Chinese spy. Baird analyst Tristan Gerra downgraded Nvidia stock to neutral from buy and slashed his price target to 200 from 500, according to Investor's Business Daily.
The board is reportedly preparing to oust the embattled chief executive following fresh revelations about his personal life. The stock dived late on the news before joining a broader artificial intelligence market rebound. Earlier this week, another firm also cut its rating on the company.
The drop comes as investors weigh the potential leadership change at one of the world's most valuable technology companies. Markets continue to monitor the situation closely as more details emerge from Wall Street firms tracking the developments.
About Nvidia
American multinational technology company
- Share price
- $162.85−2.01% last trading day
- Market value
- $3.9 trillion2026
- Revenue
- $216 billiona year, 2025
- Employees
- 42,0002026
- Founded
- 1993
- Based in
- Santa Clara
- Chief executive
- Colette Kress
- Owned by
- ShareholdersNasdaq: NVDA
From Wikipedia and Yahoo Finance. Figures can be a year or two old.
Figures as reported by Investor's Business Daily.
