Nvidia stock suffers longest weekly losing streak since 2012 as market value sinks by $1.7 trillion
JUST IN: Nvidia's stock suffers its longest weekly losing streak since 2012, with its market value sinking by $1.7 trillion and dropping below Apple as fallout from Jensen Huang's resignation deepens. $NVDA
One point seven trillion dollars, gone in six weeks. That's what Nvidia has shed, and this is now its longest weekly losing streak since 2012.
The stock dropped 13 percent this week alone, the worst since April 2025, and the company that spent most of the year as the most valuable on Earth just slipped below Apple. The trigger, Jensen Huang's resignation after two extramarital affairs went public, one with an alleged Chinese spy, one with his own VP of healthcare. He built the company for 33 years. He was out by Thursday morning.
Finance chief Colette Kress is running things for now, and her welcome gift is earnings on Tuesday. Wall Street wants 108.9 billion in revenue, up 91 percent. Even a blowout number may not matter, analysts are already calling Huang's exit a lingering overhang.
A third of Nvidia, erased, before Kress has even presented a single quarter.
This is Sara White, reporting for HIT.
More from HIT
FAA issues nationwide ground stop for all U.S. airports
FAA HALTS ALL US DEPARTURES NATIONWIDE
Breaking News: Rescues underway after tanker collides with cruise ship on Mississippi River; 12 in the water
TANKER HITS CRUISE SHIP, 12 IN MISSISSIPPI
IRGC says tanker caught fire after hitting mines in Strait of Hormuz
GAS TANKER ABLAZE IN STRAIT OF HORMUZ
Export-banned Nvidia chips are behind China’s most powerful AI models—uh oh, Jensen!
BANNED NVIDIA CHIPS TRAINED CHINA'S TOP AI
Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
TWENTY ONE CAPITAL POSTS $1.09B Q3 PROFIT
Wholesale prices rose 0.3% in October, putting annual rate at 6.5%, the highest in nearly four years
US PRODUCER INFLATION HITS 6.5%, 4-YEAR HIGH
You haven’t got mail: Global Microsoft outage disrupts services
MICROSOFT OUTAGE HITS 74 COUNTRIES
Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion
BITCOIN AT 12-WEEK LOW, $1.6B LIQUIDATED