Baird Slashes Nvidia Price Target by 60% Amid Growing Market Concerns

Baird has significantly downgraded its price target for Nvidia, citing two major underlying concerns for the chipmaker. The stock closed at $168.89 on Tuesday, marking a 15.6% decline over the past week. This drop brings the company's valuation dangerously close to its 52-week low of $164.27, reflecting heightened investor anxiety.