Secretary of Commerce Howard Lutnick looks on as President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 11, 2026.
Daniel Heuer | Reuters
In late September, Cantor Fitzgerald hosted Nvidia CEO Jensen Huang and other top executives from the chipmaker for investor meetings in New York, according to a Cantor research report reviewed by CNBC.
The Wall Street firm liked what it heard.
“We continue to view NVDA as the best risk/reward in our coverage,” Cantor analyst C.J. Muse and his colleagues wrote in a research report dated Oct. 3 that maintained a $350 price target and overweight rating on the stock.
Yet the firm formerly run by Commerce Secretary Howard Lutnick and now led by his sons, Brandon…
