How low will Nvidia stock go? Analysts worry that CEO succession could be a long-term threat to the price
Shares of Nvidia Corporation (Nasdaq: NVDA) are once again sinking in premarket trading this morning after reports yesterday that the company’s board has convened to discuss whether to oust its embattled cofounder and CEO, Jensen Huang. As of this writing, NVDA shares are down more than 7% in premarket trading, mainly due to uncertainty over Huang’s fate. But several Wall Street analysts worry that Nvidia’s lack of a known succession plan could weigh on the stock’s price for a long time....
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