Nvidia Heads for Longest Weekly Losing Streak Since 2012, Erasing $1.6 Trillion in Value

Nvidia is on track for its longest weekly losing streak since 2012, with its market value down about $1.6 trillion. The stock has been sliding since early October, and CNBC reports that Jensen Huang's resignation has added to the company's market woes.

Why it matters: Nvidia is the main supplier of AI chips, so a sustained sell-off and a leadership change at the company could affect AI infrastructure spending and vendor planning across the industry.