Nvidia faller tungt etter toppsjefens utroskap
Milliarder av dollar barberes bort fra AI-gigantens markedsverdi.
Nvidia, a dominant player in the artificial intelligence sector, experienced a sharp fall in its stock price on Monday following revelations that its CEO Jensen Huang had been unfaithful to his partner. The technology giant's shares fell by over 7.2% in pre-market trading after news emerged about Huang's alleged affair with his assistant, Alice Huang.
Analysts suggest that the scandal, which has also affected AI stocks, has contributed to a broader market decline, with the S&P 500 index experiencing its worst week since April 2025. Despite the setback, some Wall Street strategists view the recent drop as an opportunity to buy into quality stocks, particularly those in cyclical sectors that have underperformed and are showing strong earnings.
Citigroup has downgraded both US and global technology stocks due to lower exposure to AI-related risks. Meanwhile, Oppenheimer upgraded Advanced Micro Devices (AMD) to "outperform," citing an optimistic earnings call and recent market sentiment. The upgraded stock price target of $600 represents a 34% upside from AMD's closing price on Friday. Oppenheimer sees AMD as a "stable supplier of AI processing power."
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
