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via finance.yahoo.comMarkets

DA Davidson cuts Nvidia target to $200 after Huang resignation

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Nvidia Corp. (NASDAQ:NVDA) fell 3.77% as of 10:30 a.m. ET after DA Davidson lowered its price target from $300 to $200 and kept a Buy rating, following Thursday's resignation of CEO Jensen Huang. Warning! GuruFocus has detected 3 Warning…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe target cut and leadership doubts weigh on Nvidia, a mega-cap central to the AI sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Nvidia fell 3.77% in morning trading after the target was cut from $300 to $200.
  2. 02DA Davidson kept its Buy rating on the stock.
  3. 03Gil Luria believes the unplanned exit makes the transition harder.
  4. 04Interim CEO Colette Kress is seen by Luria as capable of moving the company forward.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock160.82 USD-0.11%today -3.23%Negative Apple Inc.AAPLStock357.78 USD-0.05%today +0.82%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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