Companiesslug: oppenheimer

Oppenheimer

US investment bank and brokerage that downgraded Nvidia and withdrew its price target.

Curated Intelligence

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宝玉 (@dotey)T2·Industry
96 pts
Jensen Huang Resigns as Nvidia CEO, Erasing Roughly $2 Trillion in Market Value

Nvidia announced that founder Jensen Huang has resigned as president, CEO and director effective immediately, with CFO Colette Kress stepping in as interim CEO while the board searches for a permanent successor. The company created its first chairman role, filled by longtime director Harvey C. Jones. Shares fell as much as 13% intraday, pushing market value below $4 trillion as brokerages cut ratings and price targets.