Aletheia Capital cuts Nvidia rating to Hold and drops $340 price target
Aletheia Capital lowered its recommendation on Nvidia to Hold from Buy and eliminated its $340 price target, citing heightened risk from the AI Computing Partner program. Analyst Stefan Chang said the program pushed Nvidia’s financial commitments to $165 billion in the second quarter of 2027, including a $105 billion exposure for an Ohio data‑center project. The downgrade follows a recent slide in Nvidia’s share price.
Why it matters
The removal of the $340 target may reduce bullish expectations among investors, and the highlighted financing risk could pressure the stock ahead of the company’s earnings report on November 17, according to Aletheia’s analysis.
Key facts
- 1Aletheia Capital changed its rating on Nvidia to Hold from Buy and withdrew its $340 price target. investing.com
- 2Analyst Stefan Chang reported that Nvidia’s AI Computing Partner program increased its financial commitments to $165 billion in Q2 2027. investing.com
- 3The Ohio data‑center project alone accounts for $105 billion of the exposure. econotimes.com
- 4Nvidia’s shares have fallen about 7.6% in the last week and roughly 13% over the past six months. investing.com
- 5Nvidia is scheduled to release earnings on November 17, 2026. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.