Bernstein’s Stacy Rasgon has a $400 target on Nvidia, and he tells veteran business journalist Deirdre Bosa it depends on Jensen Huang. If Huang stays, Rasgon calls the selloff overdone. If he goes, he says, the only winner is probably China. Huang admitted an affair with a woman US intelligence officials believe was recruited by China; the allegations are unproven, Nvidia’s board is investigating, and China calls them a smear. Rasgon also explains why he still sees a return on AI spending.
Featuring
Stacy Rasgon, Managing Director and Senior Analyst, Bernstein
Deirdre Bosa, Yahoo Finance
Watch the full episode: https://youtu.be/HMuaWkwYMzY
Timestamps
0:00 Why the AI trade feels more exposed than in years
2:02 What should worry investors most
3:10 Why a return settles the financing question
4:45 Is the $400 target a bet on Huang staying?
6:00 Who wants Huang gone, and why China would win
7:03 The earnings call, and where AI sits in the cycle
8:46 Why the valuation looks the way it does
#Nvidia #JensenHuang #AIStocks #YahooFinance
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