CNBC Investing Club downgrades Nvidia rating from 1 to 2... holds off on buy call

CNBC Investing Club lowered its internal rating on Nvidia ($NVDA) to 2, equivalent to a hold, from 1, disclosing the change at its regular morning meeting on the 10th. Portfolio director Jeff Marks noted the stock fell nearly 10% over two trading days this week but said the drop alone is not enough to justify buying, and the club will hold off on a decision while a board investigation proceeds. The 2 rating means hold in the club's own scale, and Jim Cramer's charitable trust still owns Nvidia shares, so the downgrade does not signal a sale. The move matters because it keeps the club on the sidelines on a closely watched AI bellwether despite the sharp pullback. What to watch next is the outcome of the board probe tied to CEO Jensen Huang and foreign intelligence activity, which the club has cited as the reason for deferring its call.