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Baird downgrades Nvidia on CEO Huang worries, AI uncertainty

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Baird downgrades Nvidia on CEO Huang worries, AI uncertainty

The investment bank moved its rating on the stock to neutral, and slashed its price target.

A potential drawdown in artificial intelligence-related capital expenditures by hyperscalers and worries about whether CEO Jensen Huang will remain at the company led Baird to downgrade Nvidia on Wednesday.

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