Nvidia Downgraded After Huang's Exit as AMD, MP Materials, Riot Get Upgrades
Truist and Craig-Hallum cut Nvidia to Hold after Jensen Huang's departure, while AMD, MP Materials and Riot Platforms received upgrades, per Stocktwits.
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what happened
Truist and Craig-Hallum moved Nvidia to Hold from Buy and cut their price targets sharply. Truist nearly halved its target, to $174 from $346, citing rising risks tied to Huang's resignation, possible harm to company culture and GPU shipments to Chinese entities. Craig-Hallum said Huang's exit leaves a gap that will be hard to fill, and that scrutiny of China and APAC sales may even worsen.
AMD received upgrades from William Blair and Oppenheimer, which see a better risk-reward as Nvidia faces scrutiny and Intel's Xeon roadmap runs into delays. MP Materials and Riot Platforms were also upgraded. MP's third-quarter revenue rose 176% to $147.7 million, while Jefferies highlighted the favorable economics of Riot's Corsicana lease.
DraftKings and Toast were downgraded. DraftKings cut its adjusted EBITDA outlook sharply and plans to spend $650 million to $700 million on prediction markets.
why it matters
For markets, the moves show analysts re-testing valuations of AI leaders, which could redirect capital toward Nvidia's rivals. For Riot, the lease terms matter for miners' economics because lower build costs per megawatt shape how it funds data center growth.
market impact
Nvidia: downgrades and lower targets pressure the shares; AMD: upgrades support interest in the stock
- Nvidia pressure down — downgrades cite revenue risk and the loss of a top executive
- AMD pressure up — upgrades point to a stronger position relative to Nvidia
tags
instruments
on polymarket
sources
- Wall Street Wrap: Nvidia Faces Downgrades As Jensen Huang’s Exit Rattles Analysts — AMD, MP Materials, Riot Platforms Get Bullish Calls — Stocktwits, 13 November 2026 at 09:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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