Nvidia CEO Jensen Huang's Resignation Triggers Analyst Downgrades and Slashed Price Targets

Nvidia CEO Jensen Huang resigned unexpectedly, triggering a wave of analyst downgrades and slashed price targets, with shares facing significant downward pressure. Multiple investment banks, including Melius Research, Bernstein, and Oppenheimer, cut their ratings on Nvidia, citing geopolitical concerns and internal uncertainty. Melius Research lowered its price target from $315 to $185, while Bernstein halved its target from $400, reflecting fears over leadership transition risks. Analysts warned that Nvidia's heavy reliance on Huang and lack of a clear succession plan could undermine market confidence. Wind Shift Capital's Bill Blai stated Huang's departure exposes a major market risk, potentially leading to further declines in the AI industry leader's stock.