Business & Economy · 5 views
Nvidia on track for longest weekly losing streak since 2012 as market value sinks by $1.6 trillion
Nvidia investors turned bearish before this week's Jensen Huang saga. But the selling on Wall Street accelerated in the past few days, sending the stock toward its sixth straight weekly drop, the longest losing streak since 2012.
AI Summary
Nvidia’s stock has entered its sixth consecutive weekly decline, marking the longest losing streak for the chip maker since 2012. Over the past several days, selling accelerated, and by Thursday’s close the company had shed about 29% of its value. This decline erased roughly $1.6 trillion in market capitalization and pushed Nvidia’s valuation below Apple’s, ending its tenure as the world’s most valuable company for most of the year.
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