Nvidia ‘honeytrap’ scandal rocks AI industry, as China denies spying claims – business live
Rolling coverage of the latest economic and financial news Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence Huang is receiving support from some fellow tech executives, including Elon Musk. Musk commented “I agree” on a post by Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership“. “While Nvidia has sought to reassure us all, there are s
“While Nvidia has sought to reassure us all, there are several layers here, beginning with the unfortunate timing.
“For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle to price in key-person and governance issues; and there are fluid national security and geopolitical dynamics.“
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Analyst targets on Nvidia
- Truist Securities: $228 → $346 by Aug 2027 · Buy via Investing.com
- UBS: $228 → $300 by Aug 2027 · Buy via Investing.com
- Raymond James: $228 → $515 by Aug 2027 · Strong Buy via Investing.com
Published targets verified against independent reporting and tracked to their dates. Not recommendations from Dalsna Finance.
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Summary aggregated from The Guardian's public RSS feed. The full reporting belongs to The Guardian — please read it on their site.