Truist Securities cuts Nvidia to Hold, halves price target

A halved price target from a single sell-side analyst is less a verdict on Nvidia's business than a signal of how fast sentiment can reprice around AI-chip demand assumptions. What's notable is the scale of the cut, not the rating change itself, since a Hold still implies the analyst isn't calling for a decline. The read-across matters more for the broader AI-linked trade than for the company alone. Whether other analysts follow with similar revisions is the open question.