Baird slashes Nvidia price target to $200 over China curbs and AI demand
The brokerage downgraded the chipmaker, citing US export restrictions, slowing artificial intelligence spending, and risks surrounding CEO Jensen Huang.
The brokerage downgraded the chipmaker, citing US export restrictions, slowing artificial intelligence spending, and risks surrounding CEO Jensen Huang. Published 2026-11-11 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
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Baird downgraded Nvidia’s stock and cut its price target to $200 on Wednesday, citing US export restrictions to China and softening demand for artificial intelligence chips. The firm expects the shares to remain range-bound in the near term as multiple brokerages remove the company from their top picks.
Baird cuts target to $200
Baird reduced its price target for Nvidia to $200, according to reports from The Economic Times and cnbctv18.com. The firm highlighted US restrictions on chip sales to China and signs of slowing AI spending as primary reasons for the revised outlook.
The downgrade follows reports that demand for Nvidia’s chips is showing signs of softening amid supply constraints and broader market uncertainties. Baird flagged risks related to the company’s leadership, specifically noting an investigation into CEO Jensen Huang’s relationship with a Chinese businesswoman allegedly linked to a spying operation.
This move adds to a growing trend of analysts pulling back on their enthusiasm for the stock. Morgan Stanley and Bank of America have also removed Nvidia from their top picks, according to marketscreener.com, as the sell-off intensifies.
Export rules and supply issues
US export restrictions remain a central concern for Nvidia’s revenue outlook. Baird noted that these curbs affect the company’s ability to sell advanced chips in the Chinese market. The firm cited slowing AI spending as a compounding factor that has dampened investor sentiment.
Compounding these regulatory headwinds are reports of supply chain vulnerabilities. According to es.marketscreener.com, Nvidia H200 chips were found at Northwestern Polytechnical University, which is blacklisted for ties to the People’s Liberation Army. The chips were obtained through a Chinese reseller, despite the US embargo.
The company has attempted to start a market rally after a turbulent period, as noted by msn.com. However, the combination of regulatory scrutiny and operational risks has led to a more cautious stance from major financial institutions.