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via finance.yahoo.comMarkets

RBC Cuts Nvidia Target to $230 From $330, Says Valuation Already Prices In CEO Risk

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. RBC Capital lowered its price target on Nvidia Corp. (NASDAQ:NVDA) price target from $330 to $230. The cut came after Nvidia's board met late Wednesday to decide whether to remove CEO Jensen Huang, a source told Reuters. Nvidia shares…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRBC's target cut signals leadership uncertainty at Nvidia after the board considered removing its CEO.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01RBC lowered its Nvidia price target from $330 to $230.
  2. 02The board met to decide whether to remove CEO Jensen Huang, per Reuters.
  3. 03Nvidia shares were down 6.99% in premarket trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock173.73 USDMarket closedtoday +2.87%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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