EconomyBaird downgrades Nvidia over China curbs and AI demand concerns

Baird downgraded Nvidia on Wednesday and cut its price target by 60%, citing rising risks from US restrictions on chip sales to China and a possible slowdown in AI spending that could weigh on demand for Nvidia’s prized chips.

Nvidiachip restrictionsAI demand

RReuters★★☆☆☆2026-11-11 14:45Original