HSBC downgraded Nvidia from “buy” to “hold”, according to analyst Frank Lee. Its price target was cut from $365 to $170, implying just 2.3% upside from Thursday’s close. The bank believes uncertainties surrounding the succession of Jensen Huang, who was temporarily replaced by CFO Colette Kress, will weigh on the company until a permanent CEO is appointed. HSBC also sees a risk of tighter export restrictions, which could reduce Nvidia’s fiscal 2028 earnings per share by 13% compared with its base-case estimate of $15.65.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
