On November 9, Bernstein said that although it is unlikely that Nvidia CEO Wong In-hoon's recent personal relationship-related accusations will directly affect the company's demand for AI chips, they may increase regulatory and political pressure. Bernstein believes that the light of the incident seriously distracted management, while the serious one provided a reason for US lawmakers from both parties to step up their scrutiny of Nvidia. Additionally, the agency warned that Nvidia faces “critical person risk.” Huang Renxun has led the company's strategy and major management decisions for a long time. Allegedly, he has about 60 direct reporting subordinates. The company's management system is highly dependent on his personal leadership. Once Wong In-hoon is unable to continue to perform his duties, it is currently unclear who can take over his position. Despite these risks, Bernstein maintained Nvidia's “outperforming the market” rating and a target price of $400.

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