From 24/7 Wall St. · Vandita Jadeja · · 1m
NVIDIA Stock Bounces After $430 Billion Wipeout
NVIDIA stock jumps 3.72% after CEO scandal and analyst downgrade.
In brief
NVIDIA stock jumps 3.72% after CEO scandal and analyst downgrade. NVIDIA shares rose 3.72% to $175.17 following CEO scandal and Baird's downgrade to neutral from outperform. Originally reported by 24/7 Wall St..
Premarket Surge
NVIDIA stock rose 3.72% to $175.17 in premarket trading after a selloff linked to CEO scandal.
Price Target Analysis
24/7 Wall St. price target is $231.97 for 32.4% upside with 90% confidence.
Scandal Trigger
CEO Jensen Huang's admitted affair with Chinese executive accused of espionage caused 23.6% share drop.
Baird Downgrade
Baird moved NVIDIA to neutral from outperform and cut target to $200 from $500.
Q2 2027 Earnings
Fiscal Q2 2027 revenue rose 105.8% to $96.22 billion beating estimates.
Rubin Production Ramp
Vera Rubin now in full production with $279 billion supply commitments for memory.
Market Comparison
NVIDIA trades at 42x free cash flow vs AMD's 126x with faster growth.
The short version
NVIDIA shares rose 3.72% to $175.17 following CEO scandal and Baird's downgrade to neutral from outperform.
