Wall Street split on Nvidia after CEO exit, price targets diverge
Wall Street analysts are sharply divided on Nvidia's future after CEO Jensen Huang's resignation, with Evercore ISI slashing its price target by 60% to $186 while Bank of America maintains a Buy rating at $280, creating a $94 gap in predictions for the AI chipmaker. Evercore and Baird both downgraded Nvidia, citing leadership uncertainty and a board investigation, while Bank of America and Goldman Sachs kept Buy ratings, pointing to strong demand and recent financial performance including $96.2 billion in quarterly revenue, up 106% year-over-year. Nvidia's upcoming earnings report on Nov. 17 will test whether the company can maintain growth under interim CEO Colette Kress, with investors watching for revenue targets, AI spending trends, and product pipeline updates amid the ongoing board inquiry.