{"id":74552,"date":"2026-11-12T00:08:14","date_gmt":"2026-11-12T04:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-downgraded-amid-ceo-investigation-kiwi-dollar-sinks-on-fed-hike-bets\/74552\/"},"modified":"2026-11-12T00:08:14","modified_gmt":"2026-11-12T04:08:14","slug":"nvidia-downgraded-amid-ceo-investigation-kiwi-dollar-sinks-on-fed-hike-bets","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-downgraded-amid-ceo-investigation-kiwi-dollar-sinks-on-fed-hike-bets\/74552\/","title":{"rendered":"Nvidia Downgraded Amid CEO Investigation; Kiwi Dollar Sinks on Fed Hike Bets"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares face downward pressure<\/strong> after Oppenheimer lowered its rating to <strong>Perform<\/strong> following reports of a board investigation into CEO Jensen Huang.<\/li>\n<li><strong>The New Zealand Dollar (NZD) hit a 19-month low near 0.5560<\/strong> as traders price in an <strong>85% chance<\/strong> of a larger Federal Reserve rate hike in December.<\/li>\n<li><strong>South Korea is closely monitoring a potential trilateral summit<\/strong> between the U.S., China, and Russia, which could take place on the sidelines of the <strong>APEC summit in Shenzhen<\/strong> later this month.<\/li>\n<li><strong>Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>) surged 12%<\/strong> earlier this week after receiving an upgrade to <strong>Outperform<\/strong> from Oppenheimer, contrasting with <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s recent struggles.<\/li>\n<\/ul>\n<h2>Nvidia Rating Slashed Amid Executive Uncertainty<\/h2>\n<p>Oppenheimer has downgraded <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) to <strong>Perform<\/strong>, citing growing concerns over a board-led investigation into CEO Jensen Huang. The investigation reportedly centers on Huang&#39;s relationship with an alleged foreign agent, a development that has introduced significant <em>key-person risk<\/em> to the semiconductor giant.<\/p>\n<p>The stock fell more than <strong>5%<\/strong> in recent sessions, extending a slide that has seen shares lose approximately <strong>9.5%<\/strong> of their value since late last week. Analysts at Wells Fargo also lowered their price target for the chipmaker to <strong>$300 from $315<\/strong>, though they maintained a Buy rating ahead of the company&#39;s fiscal third-quarter earnings report on <strong>November 17<\/strong>.<\/p>\n<h2>Kiwi Dollar Weakens as Fed Hawks Gain Momentum<\/h2>\n<p>The New Zealand Dollar (Kiwi) came under heavy selling pressure on Thursday, trading near <strong>0.5560<\/strong> against the U.S. Dollar. The decline follows hotter-than-expected U.S. Consumer Price Index (CPI) data, which rose <strong>0.4% in October<\/strong>, prompting markets to brace for more aggressive tightening from the Federal Reserve.<\/p>\n<p>The <strong>U.S. Dollar Index (DXY)<\/strong> reached an 18-month high of <strong>103.06<\/strong> as investors factored in the possibility of a <strong>50-basis-point<\/strong> rate increase in December. While the Reserve Bank of New Zealand (RBNZ) is expected to raise its own cash rate to <strong>3%<\/strong> next month, the widening interest rate differential continues to favor the greenback.<\/p>\n<h2>Seoul Watches for Historic Shenzhen Summit<\/h2>\n<p>South Korean Vice Foreign Minister Kim Hong-kyun confirmed that Seoul is &quot;closely watching&quot; the prospects for a historic trilateral summit between <strong>President Donald Trump<\/strong>, <strong>President Xi Jinping<\/strong>, and <strong>President Vladimir Putin<\/strong>. The meeting is being coordinated for the <strong>APEC summit in Shenzhen<\/strong>, scheduled for November 18\u201319.<\/p>\n<p>The proposed talks are expected to cover nuclear arms control and the war in Iran, though South Korean officials are particularly concerned about the inclusion of <strong>Korean Peninsula issues<\/strong> in any joint declarations. Reports suggest that while the three leaders may meet for a high-profile photo opportunity, substantive agreements remain difficult due to conflicting regional interests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) shares face downward pressure after Oppenheimer lowered its rating to Perform following reports of a board [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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