Baird cuts Nvidia price target to $200, cites AI slowdown concerns

Baird has downgraded Nvidia from Outperform to Neutral, significantly reducing its price target from previous levels to $200. Baird’s decision is driven by concerns over slower growth in AI spending and potential supply challenges. This downgrade comes despite Nvidia’s recent strong financial performance, including a 106% year-over-year revenue increase in fiscal Q2 2027 and a 117% rise in Data Center revenue. Market reactions appear to reflect a cautious outlook on Nvidia’s ability to sustain its growth momentum amidst these challenges. Nvidia’s upcoming earnings report on November 17 will be a key event to monitor, as it could provide further insights into the company’s financial health and growth prospects.

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