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via seekingalpha.comMarkets

Nvidia attempts rebound despite Baird downgrade and Morgan Stanley dropping top pick

FROM THE WIRE · SEEKINGALPHA.COM

[NVIDIA brand company logo] Robert Way Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) shares rebounded from this week's losses and tacked on more than 4% in premarket trading on Wednesday even as Baird downgraded the semiconductor giant and Morgan Stanley removed it as its…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDowngrade and removal as top pick for a chip mega-cap, with regulatory export risks in focus.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Baird cut its rating to Neutral from Outperform and its target to $200 from $500.
  2. 02Morgan Stanley removed Nvidia as its top pick in the sector.
  3. 03Shares rose more than 4% in premarket trading on Wednesday.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock168.89 USDMarket closedtoday -5.47%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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