Jensen Huang is Out as CEO, Nvidia Down 25% in a Month: Wall Street's Highest Target Price Reaffirmed as Major Desks Slash Prices, Predicting 210% Gains
A 24/7 Wall St. article by Alex Sirois reports that Jensen Huang is out as NVIDIA's chief executive after a New York Times report on a relationship with an executive who reported to him, and that the stock fell 27.28% in a month even as Raymond James reaffirmed the Street's highest target at $515.00, implying roughly 210% gains. Citing a $319.99 average analyst target against a $166.19 share price, Sirois leans bullish, arguing the upside gap mostly reflects a leadership risk only NVIDIA faces, while Colette Kress takes over on an interim basis and the coming earnings report will be the first real test.
