Nvidia price target $400→$200… Bernstein downgrades investment rating
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Bernstein cut its price target on Nvidia ($NVDA) to $200 from $400 and downgraded the stock to market perform from outperform, analyst Stacy Rasgon citing difficulty assessing management succession and the company's strategic direction amid ongoing controversy surrounding CEO Jensen Huang. Rasgon said the revision does not reflect deteriorating fundamentals and kept a strong growth outlook for Nvidia's data center business. The move matters because it signals that governance and leadership-transition risk, rather than chip demand, is now weighing on one of the market's most closely watched AI names. Investors will watch for clarity on Nvidia's succession planning and any further analyst revisions to price targets and ratings.
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NVIDIA (NVDA), Bernstein, Stacy A. Rasgon, Jensen Huang, BlockBeats
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