00:00Three numbers before the open. NVIDIA's price target was cut by up to 60% at Baird.
00:0618 trillion won in NVIDIA shares sits with Korean investors. And Samsung and SK Hinnix
00:12now face a new layer of risk. Here's the first number. Baird cut its NVIDIA target from $500
00:19to $200. That is a 60% reduction. The second number matters just as much.
00:25Korean investors hold about $13.6 billion in NVIDIA, roughly 18 trillion won,
00:32making it the second-largest overseas holding after Tesla.
00:35Third, NVIDIA's stock closed Wednesday at $160.47 in after-hours trading.
00:42That's 14% below the close on the day before Jensen Huang's affair was confirmed.
00:47It's Friday, November 13. Here's what today's story could mean for the Korean market.
00:52NVIDIA's CEO, Jensen Huang, has stepped down after allegations of an affair and reported
00:58links to a Chinese spy scandal. The board named Colette Kress, the chief financial officer,
01:04as interim chief executive, and appointed Harvey C. Jones as the company's first independent chairman.
01:10Huang, who co-founded the firm in 1993, also gave up his board seat and his title as president.
01:16Here's what the numbers show. NVIDIA's stock dropped nearly 10% over two sessions after
01:22Huang admitted the relationship. Analysts at Bernstein called Huang and NVIDIA essentially
01:28inseparable, saying a leadership change will be very difficult. The risk is not just about one
01:33executive. Several analysts have now cut their ratings. Aletheia Capital moved from buy to neutral
01:39and withdrew its $349 target. Mizuho lowered its target by about 20%, and Citi trimmed its target
01:47by roughly 10%. NVIDIA's influence reaches well beyond its own share price. The company has committed
01:53around $300 billion in financing to AI infrastructure clients over three years, and that support is now
02:00under question. CoreWeave, a major NVIDIA-backed cloud provider, fell about 7% after the latest affair
02:07revelations, even after a strong earnings report the day before. So what does this mean for stock
02:13investors watching Korea's market? The clearest near-term signal is volatility. Earnings are due
02:19on the 17th, and NVIDIA's six straight quarters of results beating expectations have not lifted the
02:25stock. Korean chipmakers Samsung and SK Hynix may feel indirect pressure if U.S. export rules tighten
02:32on China-linked production. Earlier, we said that Korean investors hold $18 trillion won in NVIDIA.
02:38Here's what that actually means for you. Watch NVIDIA's earnings and any export control news closely,
02:44because both can move Korean semiconductor names in the same direction.
02:48What to watch? NVIDIA's earnings on November 17th,
02:52and any U.S. export control news on China-linked production.
02:56That's today's AI Prism, stock investors. This episode was produced with AI Assistants,
03:02based on Seoul Economic Daily reporting. AI Prism is a Juan IFRA award-winning series.
03:09We'll be back tomorrow.
