BUZZ - Nvidia faces its longest weekly losing streak since 2012 as Jensen Huang’s resignation triggers upheaval in the AI trading market
路透社2026/11/13 14:51Latest Updates
November 13 - After a turbulent week, chip giant NVIDIA (NVDA.O) shares closed down 1.4% at $163.80
On Thursday, Jensen Huang resigned as CEO (link) after an extramarital affair scandal broke (one involving a woman suspected of being a Chinese spy); Chief Financial Officer Colette Kress will serve as interim CEO
NVDA shares are headed for a sixth consecutive week of declines, the first time since October 2012; this week, shares fell nearly 11% in total
Since reaching a record closing high on October 6, the company's market capitalization has evaporated by nearly $1.4 trillion; during Thursday's session, its market cap briefly fell below the $4 trillion mark
At least eight brokerages have downgraded the stock's rating this week, with several also lowering their target price
The median target price has dropped to $275, implying a future valuation of $6.62 trillion, compared to a $7.59 trillion valuation a month ago
Including today’s decline, NVDA has fallen 10.8% so far this year, making it the second-worst performer among the “Magnificent Seven” tech giants, only ahead of Tesla (TSLA.O)
NVDA will report third-quarter earnings next week
Retail investors (link) have been actively buying on the dip, with a net purchase of $1.6 billion worth of NVDA shares as of Thursday’s close; Vanda data shows this will be the largest single-week trading volume in the stock since March 2025
(To assist non-native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated text and provides it solely for readers' convenience. Reuters assumes no liability for any harm or loss arising from the use of automated translation.)
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