Business & Economy · 6 views
Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker
Jensen Huang’s resignation as Nvidia CEO has brought renewed scrutiny to Commerce Secretary Howard Lutnick and his family’s financial ties to the chipmaker.
AI Summary
In late September, Cantor Fitzgerald hosted Nvidia CEO Jensen Huang and other top executives for investor meetings in New York, according to a Cantor research report reviewed by CNBC. The meeting was part of a broader engagement with Nvidia’s leadership. Cantor analyst C.J. Muse and colleagues issued a research report dated October 3 that maintained a $350 price target and an overweight rating on Nvidia stock. The report reiterated the firm’s view that Nvidia remains the best risk/reward in its coverage. No additional actions or statements were reported.
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