Wall Street's attitude towards Nvidia is beginning to loosen up. The investigation against CEO Hwang In-hoon is causing the market to doubt the future of this artificial intelligence chip maker. Huang Renxun previously disclosed the relevant situation in an internal memorandum to employees. A few days later, Baird downgraded Nvidia's rating to neutral, while Morgan Stanley removed it from the preferred stock list. Baird analyst Tristan Gerra said that the company will take a more cautious stance until the uncertainty related to possible actions taken by the US government and the upcoming congressional hearing is resolved, the impact of short-term adjustments in risk channels and potential expenses on revenue is quantified, and the prospects for Hwang In-hoon's tenure are clear. Gerra also drastically lowered Nvidia's price target from $500 to $200. The stock closed at $168.89 on Tuesday, with a cumulative decline of about 10% over the past two trading days. Although Morgan Stanley is still optimistic about Nvidia, analyst Joseph Moore said short-term uncertainty will continue because Wong In-hoon's leadership is critical to the company's strategic direction.

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