Baird analyst Tristan Gerra wrote in a Monday, Nov. 9 client note that the Jensen Huang allegations “will result in the U.S. government repelling its license allowing Nvidia to ship H200 to China-based customers” and end any chance of Blackwell shipping to China, CNBC reported; Baird kept its Outperform rating and $500 price target. CNBC said Bernstein (Outperform, $400) expects the overhang “to be around for a while,” while Raymond James (Strong Buy, $515) and Melius (Buy, $315) also held their calls. The Guardian quoted Raymond James’ Amish Patel saying “nothing we have seen so far changes our fundamental view” of the AI opportunity, as Nvidia was set to open about 5% lower after the board probe.
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BUSINESS / STOCK & DELIVERIESBaird Warns U.S. May Revoke Nvidia’s H200 China License as Analysts Flag Huang Overhang
Baird’s Tristan Gerra expects Washington to pull Nvidia’s H200 China license after the Huang allegations but kept an Outperform rating and $500 target.
For information only, not investment advice. Price targets and estimates are attributed to the named firms and data providers.
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