Analysts Downgrade Nvidia and Tesla as Apple’s Premium Gets a Defense

Friday’s analyst calls downgraded Nvidia (NVDA) and Tesla (TSLA) while an Apple (AAPL) assessment defended its premium valuation, with the rationales spanning leadership uncertainty, operating profit and customer loyalty.

The Nvidia downgrade followed CEO Jensen Huang’s unexpected resignation. The analyst cited uncertainty over Nvidia’s strategic direction, data center moratoriums and hyperscaler cash burn.

Tesla’s downgrade centered on valuation concerns. The analyst cited competition and execution risks, along with a 56% decline in third-quarter operating profit.

The Apple assessment argued that predictable results and customer loyalty make the company more like consumer staples businesses, supporting a premium valuation.