[HSBC Downgrades Nvidia to "Hold," Lowers Target Price from $365 to $170] BlockBeats reports that on November 13th, HSBC analyst Frank Lee downgraded Nvidia's rating from "Buy" to "Hold," lowering the target price from $365 to $170, representing only about a 2.3% upside from Thursday's closing price. Lee believes the stock price will remain under pressure until Nvidia clearly outlines a formal succession plan and the new CEO proves their execution capabilities. Currently, CFO Colette Kress is serving as interim CEO. Lee also cautioned that the risk of further tightening of chip export restrictions by the US cannot be ignored. Over the past six quarters, approximately 11% of Nvidia's revenue has come from markets outside the US and Taiwan, which HSBC believes could become the focus of tightening export restrictions. According to HSBC's pessimistic scenario, if export restrictions cause Nvidia's fiscal year 2028 revenue to decrease by 11% compared to the baseline scenario, earnings per share may fall to $13.57, approximately 13% lower than HSBC's baseline forecast of $15.65 and approximately 14% lower than the market consensus of $15.77. [Original Link]