Nvidia shares come under pressure amid reports on CEO Jensen Huang affair
· 6 sources
Outlets report that an affair row involving Nvidia CEO Jensen Huang and a board probe weighed on the stock and chip peers, ahead of earnings.
What happened
The Economist, NDTV Profit and Yahoo Finance report that Nvidia shares came under pressure after news of an alleged affair involving CEO Jensen Huang. NDTV Profit says chip stocks also weighed on Nasdaq futures.
Yahoo Finance reports that a board probe of Huang weighed on Nvidia, and that AMD and Broadcom gained 3% while Nvidia fell 4%. NDTV Profit adds that Intel and Marvell were each down 2%, and mentions buzz around an Anthropic IPO.
Seeking Alpha reports that Citi and Wells Fargo cut their price targets on Nvidia ahead of its earnings. NewsNation published a piece asking who Huang reportedly had the affair with.
Context
Nvidia is a leading maker of chips used in artificial intelligence, so news about its leadership is closely watched by investors in the wider semiconductor sector.
Why it matters
The story matters because it touches the leadership and governance of a major chipmaker just before earnings, and it appears to have affected sentiment across chip stocks.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$157.25Fair range: $115.15 to $214.75The price ($168.55) is 7.2% above that figure: close to its fair value.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $153.40 and $183.25; 9 in 10, between $131.03 and $214.54.
$223.95Fair range: $177.45 to $297.11The price ($327.41) is 46.2% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $292.26 and $359.95; 9 in 10, between $242.97 and $432.97.
$74.59Fair range: $25.52 to $106.66The price ($156.48) is 109.8% above that figure.
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $124.12 and $180.75; 9 in 10, between $88.95 and $252.22.
$35.32Fair range: $9.80 to $54.15The price ($57.86) is 63.8% above that figure.
Chance of a rise in 1 month
43%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $44.57 and $67.39; 9 in 10, between $30.90 and $97.22.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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