RBC Says Nvidia's Valuation Already Prices In CEO Risk Renato Neves, CFA Thu, November 12, 2026 at 7:08 AM EST 1 min read NVDA -7.52% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
RBC Capital lowered its price target on Nvidia Corp. (NASDAQ:NVDA) price target from $330 to $230. The cut came after Nvidia's board met late Wednesday to decide whether to remove CEO Jensen Huang, a source told Reuters. Nvidia shares were down 6.99% in premarket.
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The board is also working with an outside firm to identify possible replacements. That marks a sharp shift from Sunday, when the board expressed confidence in Huang and his leadership team while opening an independent investigation with outside counsel. Huang, 63, co-founded Nvidia, has no obvious successor and owns about 3.6% of the company.
RBC said the probe could lead to a change at the top and a period of uncertainty, with possible congressional hearings adding to the overhang. It sees limited near-term impact on the business, saying demand is outpacing supply by about 50% and the product roadmap is set for three years. But RBC said the longer-term impact of losing Huang shouldn't be underestimated. Still, at 10x 2027 earnings, the stock more than reflects that risk. Nvidia reports results on November 17.
