Nvidia shares fell 2% in early trading Friday and more than 4% on Thursday following the resignation of CEO Jensen Huang. Revelations about his extramarital affairs have dragged the stock down 13% this week, potentially making it Nvidia’s worst weekly performance since April 2025. Truist analyst William Stein said the risk goes beyond Huang’s affair and resignation, as Nvidia’s corporate culture could be impaired and the company may have shipped GPUs to China, threatening future revenue. He downgraded the stock to hold from buy and cut his price target to $174 from $346, leaving only 4.7% implied upside from Thursday’s close. The scandal could also revive U.S. efforts to tighten semiconductor export controls to China, an issue viewed as more consequential than the leadership change.
Source: Read the original article
