Nvidia on track for longest weekly losing streak since 2012 as market value sinks by $1.6 trillion
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Nvidia shares are headed for their longest weekly losing streak since 2012, with the chipmaker's market value down roughly $1.6 trillion from its early-October peak. The decline accelerated after CEO Jensen Huang's resignation added to investor unease over the stock's months-long slide. The selloff underscores how heavily the market's AI trade has depended on Nvidia and raises questions about whether the broader rally can hold without its leader. Investors will watch next week's trading for signs of stabilization and any details on succession or strategy from the company.
Muhabbit's AI wrote this summary in its own words from CNBC's report. It can get details wrong, so check the source.
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Nvidia (NVDA), Jensen Huang
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