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Bernstein Downgrades Nvidia to Market-Perform, Cuts Target to $200

Bernstein downgraded Nvidia from Outperform to Market-Perform and cut its price target to $200 from $400, the firm said. The two-notch reduction in the target halves the brokerage’s implied upside for the chipmaker, whose shares are closely watched as a proxy for AI-related demand across technology and crypto markets.

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