The market is still digesting the shocking news that Jensen Huang is out as CEO of Nvidia (NVDA -4.88%) after reports came out that he had two extramarital affairs and was possibly a target of Chinese spies.
Nvidia stock has fallen 14% since the news broke on Nov. 9, erasing all of the company’s gains this year and more.
Wall Street is already reevaluating its price targets, and Citigroup (C +0.31%) analysts Atif Malik and Papa Sylla slashed their 12- to 18-month price target from $285 to $225, according to The Wall Street Journal.
Does this make any sense?
Image source: Nvidia.
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