Here’s how many analyst cut Nvidia stock price target this week

Nvidia (NASDAQ: NVDA ) stock has seen a wave of analyst downgrades and price target cuts this week as uncertainty around CEO Jensen Huang’s affairs and future at the company weighed on market sentiment. On November 12, William Blair downgraded Nvidia from “Outperform” to “Market Perform,” warning that the possibility of Huang’s departure and increased scrutiny of the company could become a significant headwind in the near term. Similarly, the firm said that potential leadership changes could complicate Nvidia’s execution and undermine investor confidence. That is, intensifying competition in artificial intelligence (AI) infrastructure could further increase the company’s execution risks. Nvidia shares were trading at $173.73 at press time, down nearly 24% on the monthly-chart.

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