Bernstein: Jensen Huang controversy may increase Nvidia's regulatory risks; maintain $400 target price.

Bernstein said the allegations related to Nvidia CEO Jensen Huang's personal relationships could increase regulatory and political pressure, distract management, or provide grounds for U.S. lawmakers to intensify scrutiny of Nvidia. Bernstein points out that Nvidia faces key personnel risks, with the company's management system heavily reliant on Jensen Huang's personal leadership, and his successor currently unclear. Despite these risks, Bernstein maintains its "outperform" rating on Nvidia and a $400 price target.