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Nvidia board meeting puts CEO Jensen Huang's future in doubt
Nvidia shares fell about 5% in premarket trading as the board deliberated on possibly ousting CEO Jensen Huang. Analysts cut price targets, with Bernstein lowering it to $200 and Morgan Stanley removing it from its top picks. Political pressure grew with Senator Elizabeth Warren's office seeking document preservation on Nvidia's AI chip exports to China, and Senator Kevin Cramer calling for Huang's resignation. Meanwhile, Burberry saw a 6% share rise after a strong Q2, and Democrat Scott Colom won the Mississippi Senate seat, becoming the state's first Black senator since Reconstruction.