Nvidia CEO Ousted as Morningstar Lowers Fair Value Estimate by 19%
· 3 sources
Morningstar cuts its Nvidia fair value estimate by 19% after a CEO transition, while NPR and ABC News report on Trump's comments ahead of his China trip.
What happened
Morningstar says it is lowering its fair value estimate for Nvidia by 19%, citing the company's CEO transition and turmoil.
NPR reports that questions have arisen over President Trump's reliance on the ousted Nvidia CEO ahead of a trip to China.
ABC News reports that Trump said the Nvidia CEO told him he did not know he was involved with an alleged Chinese spy.
Context
Fair value estimates are analyst assessments of what a company's shares are worth over the long term, and they are revised when an analyst's view of the business changes.
Why it matters
Leadership changes at a major chipmaker, along with its ties to political and China-related matters, can draw close attention from investors following Nvidia.
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.
$155.16Fair range: $112.11 to $214.75The price ($161.97) is 4.4% 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 $146.53 and $176.73; 9 in 10, between $124.10 and $208.66.
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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