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Wall Street Wrap: Nvidia Faces Downgrades As Jensen Huang's Exit Rattles Analysts — AMD, MP Materials, Riot Platforms Get Bullish Calls
Truist and Craig-Hallum cut Nvidia from Buy to Hold after Jensen Huang's departure and lowered their price targets. Truist reduced its target nearly by half, to $174 from $346, citing uncertainty around culture, China shipments and forecasts. AMD, MP Materials and Riot Platforms received upgrades.
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What happened
Truist and Craig-Hallum cut Nvidia from Buy to Hold after Jensen Huang’s departure and lowered their price targets. Truist reduced its target nearly by half, to $174 from $346, citing uncertainty around culture, China shipments and forecasts. AMD, MP Materials and Riot Platforms received upgrades.
Confirmed
Global impact / market context
Lower ratings and targets can weaken investor confidence in Nvidia, potentially making it harder for the company to attract investment at favorable terms. Analysts tied their caution to risks that could disrupt culture, sales in China, and the ability to predict revenue and earnings.
Analyst inference
The article describes mixed analyst views across technology and other listed companies: Nvidia was downgraded, while AMD, MP Materials and Riot Platforms were upgraded; DraftKings and Toast were also downgraded. These calls signal differing expectations, not confirmed changes in companies’ business results.
Confirmed
What to watch
- Watch for company or analyst updates on Jensen Huang’s departure and any replacement, since the article says the right successor could bring some stability to Nvidia. Analyst inference
- Watch for developments in scrutiny of Nvidia’s China and APAC sales and any evidence of GPU shipments to Chinese companies or government entities, which analysts flagged as risks. Analyst inference
- Watch whether Nvidia’s revenue and earnings become easier to forecast, as Truist said uncertainty over risks made it difficult to support a Buy rating. Analyst inference