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Bearish sentiment continues to emerge on Wall Street. Citigroup lowered its price target for Nvidia by 21%, from $285 to $225. Citigroup stated that a leadership transition could weigh on Nvidia's stock price, as Jensen Huang plays a crucial role in

2026-11-12

Bearish sentiment continues to emerge on Wall Street. Citigroup lowered its price target for Nvidia by 21%, from $285 to $225. Citigroup stated that a leadership transition could weigh on Nvidia's stock price, as Jensen Huang plays a crucial role in the company's strategy development, product vision, customer relations, and investor confidence. Analysts, including Atif Malik, wrote in a report, "We believe that CFO Colette Kress could serve as interim CEO while the board evaluates external candidates." Despite the lowered price target, Citigroup maintained its buy rating on Nvidia stock.

Other News
2026-11-12

Japan's corporate goods price index rose 0.7% month-on-month in October, below the expected 0.3% and the previous reading of -0.30%.

Japan's corporate goods price index rose 0.7% month-on-month in October, below the expected 0.3% and the previous reading of -0.30%.
2026-11-12

Key News 1. China Securities Regulatory Commission (CSRC): Further broaden the sources, channels, and entry methods of medium- and long-term funds to fully maintain the stable operation of the market. 2. Qiu Yong, Shanghai Stock Exchange: Leverage

Key News 1. China Securities Regulatory Commission (CSRC): Further broaden the sources, channels, and entry methods of medium- and long-term funds to fully maintain the stable operation of the market. 2. Qiu Yong, Shanghai Stock Exchange: Leverage the role of the Science and Technology Innovation Board as a pilot reform platform to better facilitate a virtuous cycle of technology, industry, and finance. Individual Stock News 1. Data on main force capital flows shows that BlueFocus saw the largest net inflow of main force capital at 2.345 billion yuan, followed by Cambricon, Yuanjie Technology, Tongfu Microelectronics, and Jilin TV Media; while Zhongji Xuchuang saw the largest net outflow of main force capital at 2.583 billion yuan, followed by Changxin Technology, New Easun, Foxconn Industrial Internet, and Zijin Mining. 2. Ruikeda: 1.6T products have been sampled to North American customers. 3. Sha Chaoqun, General Manager of Hygon Information: Mass production of the new generation CPU is expected next year, with performance comparable to international levels. 4. CITIC Heavy Industries: From January to September, new overseas market orders increased by 8.35% year-on-year. 5. Guangzhi Technology's 1.2 million-piece annual indium phosphide substrate project is expected to commence production in the second half of next year. 6. Jiahe Energy: Flexibly adjusting PVC production capacity and expanding export channels. 7. Guoxuan High-Tech: Its all-solid-state pilot line is operating stably, with a cell yield rate of up to 90%. 8. Runbang Co., Ltd. and BHP Billiton signed a memorandum of understanding to jointly develop standardized designs for future bulk material handling equipment in mines.
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