Nvidia Without Huang Has It Harder Than Apple Without Jobs, DA Davidson Says Renato Neves, CFA Fri, November 13, 2026 at 12:55 PM EST 1 min read NVDA -2.29% AAPL +0.99% Explore stocks 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.
Nvidia Corp. (NASDAQ:NVDA) fell 3.77% as of 10:30 a.m. ET after DA Davidson lowered its price target from $300 to $200 and kept a Buy rating, following Thursday's resignation of CEO Jensen Huang.
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Analyst Gil Luria expects a challenging few months because Huang's exit wasn't planned, and compared it with Steve Jobs' departure from Apple Inc. (NASDAQ:AAPL), saying Nvidia's case is harder for that reason. He said he has worked with interim CEO Colette Kress and believes she can move the company forward. DA Davidson expects Nvidia to keep its product leadership but doubts it will orchestrate the AI ecosystem the way Huang did. It also flagged Nvidia's Asia business, now under more scrutiny, as a short-term risk that could weigh on next year's numbers. The $200 target is based on 13x fiscal 2028 earnings.
Other brokers have also cut targets. Barclays lowered its target to $210, citing structural key man risk, and Needham cut to $200 while keeping a Buy rating. Wells Fargo kept its Overweight rating and $300 target. Nvidia reports its first results since Huang's exit on November 17.
