Wall Street distances itself from Nvidia amid Jensen Huang scandal

Investors are pulling back from Nvidia (NVDA) as uncertainty grows over founder and CEO Jensen Huang following reports of an affair with a woman alleged to be a Chinese spy. The company's board is reportedly meeting to decide whether to remove Huang from his position, leading multiple major firms such as Oppenheimer, Baird, Morgan Stanley, Bank of America, and Citi to downgrade their outlooks or eliminate price targets entirely. While some analysts have lowered target prices significantly due to concerns over leadership stability and potential demand softness in the AI sector, others maintain buy ratings despite the volatility. Notably, even after five recent downgrades from various brokers, the average analyst target price remains nearly double Nvidia's current premarket trading value.