Bernstein Just Gave Up on Nvidia, Cutting Its Target in Half to $200
A 24/7 Wall St. article reports that Bernstein downgraded NVIDIA to Market Perform and halved its price target to $200 from $400, saying it "had enough," and that Baird cut to the same $200 target the same day. After NVIDIA closed at $173.73 and fell to $158.76 after hours, cited reports say its board may oust CEO Jensen Huang; Morgan Stanley and Bank of America also stepped back, and 24/7 Wall St. argues $200 now gives traders a new anchor ahead of the 17 November report.
