market value<\/a> over two trading sessions as a broader technology stock selloff and mounting concerns surrounding CEO Jensen Huang\u2019s future weigh on the artificial intelligence chipmaking giant, although its shares rebounded Wednesday.<\/p>\nWall Street analysts are growing increasingly cautious about the company\u2019s outlook, with Baird downgrading Nvidia shares to \u201cneutral\u201d on Wednesday and Morgan Stanley removing the stock from its Top Pick list.<\/p>\n
Baird cited uncertainty over data-center spending in 2027, concerns that demand could soften following years of massive AI investment and questions about Huang\u2019s future at the company beyond next year.<\/p>\n
Morgan Stanley maintained its \u201coverweight\u201d rating on Nvidia but acknowledged the uncertainty surrounding its longtime chief executive.<\/p>\n
\u201cWe do acknowledge that the near-term uncertainty will remain, as CEO Jensen Huang\u2019s leadership is crucial to the company\u2019s strategic direction in our view,\u201d Morgan Stanley analysts said in a note.<\/p>\n
The Wall Street reassessment comes as Huang faces scrutiny over a reported affair with a Chinese businesswoman suspected by U.S. security services of having ties to Beijing\u2019s intelligence apparatus. The allegations have prompted an internal investigation by Nvidia\u2019s board and an FBI inquiry.<\/p>\n
Nvidia has previously said its board has no reason to believe U.S. national security or company secrets were compromised and that Huang is cooperating with the internal review.<\/p>\n
Despite the growing uncertainty, Nvidia remains widely favored among Wall Street analysts. According to LSEG data cited by Reuters, 59 of 64 brokerages continue to rate the company\u2019s shares \u201cbuy\u201d or \u201cstrong buy.\u201d<\/p>\n
Nvidia shares were up 3.8% as of approximately 11:45 a.m. ET Wednesday, according to the Associated Press, as AI-related stocks rebounded across Wall Street. The broader rally was fueled in part by stronger-than-expected results from AI cloud provider CoreWeave, whose shares surged 25%.<\/p>\n
Reuters contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"7 hours agoNvidia sheds $427B in market value as Wall Street questions AI chip giant\u2019s future amid CEO…\n","protected":false},"author":2,"featured_media":914232,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,4,27304,829,2413,3,74,965],"class_list":["post-914231","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news","tag-current-news","tag-latest-news","tag-national-news","tag-news","tag-technology","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/914231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=914231"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/914231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/914232"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=914231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=914231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=914231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}