US Stock Market Movement | Nvidia (NVDA.US) opened higher but then dropped more than 4%. Leading investment banks say significant uncertainty remains regarding management changes.

智通财经APP reports that on Friday, Nvidia (NVDA.US) opened higher in early trading but then fell more than 4%, trading at $159.40. After Nvidia announced that Jensen Huang would resign as CEO and director, renowned Wall Street investment bank Bernstein released its latest research report, stating that although Nvidia's current stock valuation is already at a highly attractive level and the management change is not expected to cause a significant short-term impact on the company's business, there remains considerable uncertainty regarding future developments and whether the new CEO can continue the operational strategy led by Jensen Huang. Therefore, the firm maintains its "Market Perform" rating on Nvidia and a target price of $200.