NVIDIA detected unauthorized activity on its Brev cloud development platform from October 4 to October 20. The incident may have exposed SSH keys used to access customer virtual machines.
NVIDIA replaced the affected keys and updated customer systems. The company said it found no evidence of improper use.
Melius Research maintained its Buy rating on NVIDIA but lowered its price target to $315. The target was previously $420, a 25% reduction. Most analysts remain bullish, with an average 12-month price target of $323.45.
NVIDIA is scheduled to report third-quarter earnings on November 17.