Nvidia shares were downgraded by several Wall Street firms following the unexpected resignation of CEO Jensen Huang. At least six firms, including Bernstein and Evercore ISI, lowered their ratings to hold-equivalent levels. CFO Colette Kress will serve as interim CEO while the board searches for a permanent successor. Markets currently assign a 17% probability to Kress becoming the next permanent CEO, with succession uncertainty and the company’s near-term outlook weighing on investor sentiment.
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