BUZZ - Nvidia hit AI sector due to Jensen Huang's departure, risks longest weekly losing streak since 2012
路透社2026/11/13 10:01November 13 - ** After a turbulent week, chip giant NVIDIA (NVDA.O) saw its share price rise by 1.2% in pre-market trading, reaching $168.2
** On Thursday, Jensen Huang resigned as NVIDIA (link) CEO following revelations of extramarital affairs (one involving a woman allegedly linked to Chinese espionage); CFO Colette Kress will serve as interim CEO
** NVDA shares are set for a sixth consecutive weekly decline, marking the first such streak since October 2012; as of Thursday’s close, the stock has fallen nearly 11% this week
** Since reaching a historic closing high on October 6, the company’s market value has shed nearly $1.4 trillion, with intraday market cap dipping below the $4 trillion mark on Thursday
** At least seven brokers have downgraded the stock this week, with several also lowering target prices
** As of the last trading day’s close, NVDA is down 10.9% year-to-date, ranking second-worst among the “Magnificent Seven” tech giants, outperforming only Tesla TSLA.O
** NVDA is scheduled to release its third-quarter financial report next week
** Retail investors have actively bought the dip, with net purchases of NVDA shares totaling $1.6 billion by Thursday’s close; according to Vanda data, the stock is on track for its largest single-week swing since March 2025
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