Why Bernstein Downgraded Nvidia Stock

Stacy Rasgon, Managing Director and Senior Analyst at Bernstein Research, was asked why his team said in a note they’ve “had enough” before he discusses the outlook for Nvidia in the wake of fresh reports of CEO Jensen Huang’s extramarital affairs. Bernstein was the latest firm to downgrade the stock, cutting its rating to market perform from outperform while lowering its price target to $200 from $400. (Source: Bloomberg)

Stacy Rasgon, Managing Director and Senior Analyst at Bernstein Research, was asked why his team said in a note they’ve “had enough” before he discusses the outlook for Nvidia in the wake of fresh reports of CEO Jensen Huang’s extramarital affairs. Bernstein was the latest firm to downgrade the stock, cutting its rating to market perform from outperform while lowering its price target to $200 from $400. (Source: Bloomberg)