Baird downgrades Nvidia on China curbs
Baird downgraded Nvidia to Neutral and cut its price target amid growing risks from US export restrictions and slowing AI spending. Several other brokerages also trimmed price targets as leadership uncertainty weighs on shares.
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NVIDIA CORP shares fell after Baird cut its price target by 60% to $200 on Wednesday, citing export risks. The downgrade to Neutral follows mounting regulatory pressure and potential slowdowns in artificial intelligence spending. Investors face heightened volatility as Wall Street reassesses valuations for the dominant chip designer.
